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Coinbase is Reviewing a List of 19 New Cryptocurrencies For Potential Listing

Coinbase, one of the leading cryptocurrency exchanges in the world, is thinking about adding more digital currencies on its trading platform. The San Francisco-based cryptocurrency exchange has announced on Friday, July 31, 2020, that it is considering listing more cryptocurrencies on its famous trading platform and is currently reviewing 19 digital assets for a potential listing. The basic purpose behind the listing of new tokens is to facilitate its users from around the whole world.

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Exploring support for new crypto assets

The US-based cryptocurrency exchange says in the announcement that it is continuously exploring support for new digital tokens. For now, the company has decided to review 19 digital assets before adding them to the platform.

The crypto assets which are currently under review include Balancer, Hedera Hashgraph, Paxos Gold, Wrapped Bitcoin (WBTC), Helium, Fetch.ai, Ampleforth, Curve, Flexacoin, Band Protocol, tBTC, THETA, The Graph, UMA, Melon, Kava, Blockstack, Reserve Rights, and Ocean Protocol. Coinbase says that some of these assets are live on the platform and some are not at the moment.

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Assets are under technical and compliance review

According to the announcement, the cryptocurrency exchange will add support only for those cryptocurrencies which come upon the exchange’s technical standards. Therefore, the exchange is reviewing these assets before adding them to the trading platform. The exchange said:

“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. As per our listing process, we will add new assets on a jurisdiction-by-jurisdiction basis, subject to applicable review and authorizations. The omission of assets from this publication does not disqualify any such asset from active review and potential listing.”

Furthermore, Coinbase said that it is looking forward to listing more digital currencies in the future so that its worldwide customers can easily have access to “at least 90% of the aggregate market cap of all digital assets in circulation.”

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MubaShar Nawaz

MubaShar Nawaz is an experienced crypto writer working for Tokenhell. Having passion for writing, he covers news articles from blockchain to cryptocurrency.

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