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Coinbase Will ‘Rapidly’ Increase Supported Assets With New Listing Process

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Crypto exchange, Coinbase will use a new process that will enable it to rapidly list more digital assets.

Coinbase to Use New Process

According to the announcement, the new process refers only to digital assets that are compliant with the local law. This means that certain crypto assets that are listed on the platform will only be available to customers in certain jurisdictions.

Moreover, issuers who wish to submit their tokens at Coinbase via this new process will  have to complete a specific form. The exchange team evaluate the form within their digital asset framework.

Initially no application fee is necessary. However, the exchange says that it reserves the right to initiate a fee in the future. This will allow it to cover the operational and legal costs that are related to the assessment and listing of new assets.

Listing More Assets

According to the exchange this new process will allow it to “list most assets over time that meet our standards.”

Additionally, they expect that this process will make new token listings more frequent. Furthermore, an announcement regarding these listings will only occur once they are available on one of Coinbase’s public products.

Coinbase currently supports Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), Ethereum Classic (ETC), and Litecoin (LTC).

Coinbase indicated that it will add support for ETC, increasing the ETC price by 25 percent.

The exchange later said that it considered adding five new coins to its trading lists. These include Cardano (ADA), Stellar Lumens (XLM), Zcash (ZEC), Basic Attention Token (BAT), and 0x (ZRX).

Furthermore, Coinbase  began rolling out support for the British Pound (GBP) in August. This enabled customers of the exchange with U.K. bank accounts to conduct quicker transfers. Additionally, customers can do same-day transactions involving selling cryptos for Pounds.

 

 

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