Last spring, Coinbase began efforts to rapidly expand its services, reviewing five new coins for listing. The buzz is they may be adding even hundreds of new coins into the next year. We all know that 0x (ZRX) and Basic Attention Token (BAT) are already available. But now could also be a great time to speculate about what tokens could be next.
Coinbase laid out its criteria in the updated Digital Assets Framework. But what it boils down to is that they don’t want to take any risks. They want their coins to be scalable, from a reputable company, and perhaps most of all, for them not to be a security.
1. Tezos (XTZ)
Several months ago, Coinbase CEO Brian Armstrong posted an unusual message on his Twitter about “sugar-free substitutes” that one could use to “bake” into cookies. Many immediately assumed this referred to the baking validation method in Tezos’s (XTZ) protocol.
And why not? Granted, the coin has had a troubled history–internal issues and adelayed launch. But they have been working hard to regain their reputation with new partnerships. And as yet, Tezos (XTZ) is available on very few exchanges. It’s a gamble, but its possible that at least part of the spike in speculative value after Armstrong’s tweet represents interest.
2. Ripple (XRP) on Coinbase
As of yet, Coinbase has not actually indicated that they are interested in Ripple (XRP). Yet many remain hopeful. There’s no doubt Ripple (XRP) has gained traction as one of the top coins. And banks have widely adopted Ripple’s xRapid. Recently, Coinbase added custodial support for XRP as well.
The only roadblock seems to be the securities question, which is not a risk Coinbase wants to take without fair certainty. However, once they settle that, and if their findings are in Ripple’s (XRP) favor, an addition seems like a no-brainer.
3. Augur (REP)
Founder Brian Armstrong has been enthusiastic about Augur (REP) for some time. Back in 2015, he tweeted that it was “super exciting” and that Coinbase “[talks] about it a lot internally.” Also, when they first announced that they were going to support ERC-20 tokens, they posted a mock-up image with a few tokens, one of them being Augur. Finally,the watchdog team Zeppelin audited Augur and deemed it not a security.
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