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Crypto Giant Coinbase Exploring Addition of 8 Cryptocurrencies

August 06, 2019

Coinbase is considering adding eight new cryptocurrencies to its platform.

The exchange is currently evaluating Algorand, Cosmos, Dash, Decred, Matic, Harmony, Ontology and Waves to see how each token measures up to its digital asset framework, according to a blog post from the company.

The framework looks at factors such as security, compliance and the project’s alignment with Coinbase’s “mission of creating an open financial system for the world.”

“As part of the exploratory process, customers may see public-facing APIs and other signs that we are conducting engineering work to potentially support these assets.”

If any are approved, Coinbase plans to add them on a jurisdiction-by-jurisdiction basis, taking into account country-specific reviews and authorizations.

“Our decision to support any asset requires significant technical and compliance review and may be subject to regulatory approval in some jurisdictions.

We therefore cannot guarantee whether or when any above-listed asset will be listed on a Coinbase product in any jurisdiction.”

A recent report from CryptoCompare noted that Coinbase ranked second in terms of trading volume among crypto-to-fiat exchanges, with a June total $12.7 billion (up 17.4%).

The exchange currently offers trading services for Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, USD Coin, XRP, Stellar, EOS, Chainlink, Zcash, Augur, Dai, Ox, Litecoin and Basic Attention Token.

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.