San Francisco-based exchange Coinbase is exploring the addition of 19 more tokens and coins as it aims to tap into the rising popularity of Decentralised Finance (DeFi).
The potentially gung-ho approach to listing more cryptocurrencies is a stark contrast to in 2017 when the Coinbase app just offered, Bitcoin, Ethereum, Litecoin and Bitcoin Cash.
The announcement read: “Today we’re announcing that we are exploring the addition of a range of new assets. 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.
Coinbase is exploring the addition of 19 new digital assets, some are live, some are not. We will evaluate each against our Digital Asset Framework. It’s our goal to offer support for all assets that meet our standards and are compliant with local law. https://t.co/YY9pbMci66
— Coinbase (@coinbase) July 31, 2020
“These new assets include, in alphabetical order: Ampleforth, Band Protocol, Balancer, Blockstack, Curve, Fetch.ai, Flexacoin, Helium, Hedera Hashgraph, Kava, Melon, Ocean Protocol, Paxos Gold, Reserve Rights, tBTC, The Graph, THETA, UMA, and WBTC.”
New assets will be listed on a country-by-country basis depending on regulatory oversight in each particular jurisdiction.
Coinbase made a similar announcement in late 2018 as it revealed it was adding a plethora of new tokens including Cardano, Tezos and XRP.
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