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Coinbase Considers Adding New Digital Assets to Exchange

Distributed Summary:

  • In blog post, world’s most intro-friendly cryptocurrency exchange mulls adding over 30 new digital assets for potential investors

According to a recent press release put up on Coinbase’s blog, the exchange is assessing the feasibility of adding at least 31 cryptocurrencies to its listings. Several major tokens from platforms like Ripple, Tezos, Stellar, Augur and Po.et are being considered.

Coinbase announced in September that a primary goal going forward in its new asset listings would be regulatory compliance, and this recent press release affirms that doctrine. Specifically, Coinbase said that its plan is to offer “customers access to greater than 90% of all compliant digital assets by market cap.”

“To make this vision a reality,” the post went on, “we evaluate prospective assets against our Digital Asset Framework to assess factors like security, compliance, and the project’s alignment with our mission.”

The report included several caveats to the potential adoption of these crypto assets, however. Coinbase included this disclaimer: “ Adding new assets requires significant exploratory work from both a technical and compliance standpoint, and we cannot guarantee that all the assets we are evaluating will ultimately be listed for trading.”

The report also stated that Coinbase’s “listing process may result in some of these assets being listed solely for customers to buy and sell, without the ability to send or receive using a local wallet,” and that assets could also only be listed in applicable jurisdictions.

Still, Coinbase drew attention to a similar announcement it made earlier this year into its exploration of ERC-20 tokens and other assets, and how well those have been integrated on the exchange so far.

But by announcing that more than 30 different crypto assets are now under its consideration, Coinbase is making it clear that at least some new investment options will soon be available.

Disclaimer: Po.et was incubated by BTC Inc, which owns Distributed.com.

Article header image taken from Coinbase’s blog.

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