Coinbase Considers Adding 30 New Crypto Assets to Its Exchange
UPDATE, 12/7/18 18:00 UTC: Four hours after announcing the list, Coinbase Pro said it was launching support for Civic, District0x, Loom Network and Decentraland’s tokens. Its order books will remain in transfer-only mode for 48 hours, with customers able to deposit, but not withdraw, any of the tokens.
After adding support for several new tokens over the past months, Coinbase has revealed more than 30 crypto assets it is considering for listing.
However, the San-Francisco-based exchange is not adding the 31 tokens to its platform just yet, but rather, is “continuing to explore the addition” of the assets, according to a blog post published Friday. The tokens included in the list range from ERC-20 tokens to independent projects.
“Over time, we intend to offer our customers access to greater than 90 percent of all compliant digital assets by market cap,” the post said.
There are some caveats however. The post explained that the process to add new tokens requires “significant exploratory work” on both technical and legal compliance aspects, and the firm cannot guarantee that all the named tokens will actually be added.