Breaking: Coinbase To “Rapidly Add Digital Assets” With Listing Process
Coinbase Drops The ‘Juciest’ Crypto News Of The Month
In an unexpected turn of events, Coinbase, one of the leading crypto-focused startups in this budding industry, has just revealed an unexpected new listing process for “most digital assets.” On Tuesday afternoon, the San Francisco-based firm released a blog post via Twitter and Medium highlighting its new process for listing an array of crypto assets.
Today we’re announcing a new listing process that will allow us to rapidly add most digital assets that meets our standards and are compliant with local law, while providing our customers with the tools to discover, evaluate, trade, and use digital assets: https://t.co/6AteNMOnYr
Giving a bit of background, the startup explained that it currently offers support for five leading tokens, like Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), and Litecoin (LTC). While the services Coinbase offers aren’t anything to scoff at, there are still “thousands of digital assets of all types, including coins, tokens, forks, stablecoins, and collectibles.” And as such, many customers have requested for the firm to add support for any variety of their favorite crypto assets, but have been met with close to zero response as of yet.
Taking this into account, Coinbase explained that it is now established a new listing process for digital assets that are “compliant with local law,” by amending regulatory issues with governmental bodies, whether state-side or national-side, on a jurisdiction-by-jurisdiction basis.
Elaborating on this process, the startup explained that prospective Coinbase listees need to be compliant with the firm’s digital asset framework, which quickly gained recognition throughout this industry for its attention to detail. Surprisingly enough, if Coinbase approves a crypto asset for listing, the project behind the firm will not be required to pay an application or listing fee, which is a step forward when it comes to the current state of centralized exchanges.
VP and General Manager Dan Romero spoke with CNBC’s Fast Money panel to discuss the matter. Romero, who has quickly risen to the top of the leading cryptocurrency startup, explained the firm’s vision for this new offering, stating:
Ultimately, crypto is a global phenomenon. You have software developers and entrepreneurs around the world building products on top of crypto, and it’s unlocking a lot of use cases, particularly in emerging markets. I think we need to shift as a company to a more global perspective.
Along with this process, the startup also intends to “augment” their tools and educational materials and resources to aid the public in learning more about this nascent industry.