We Promise: Coinbase To Expand Its Digital Asset List
Coinbase is indisputably one of the largest crypto exchanges and trading platforms in the world, and if its latest pledge is to be believed, the company may very well be headed for greater heights in the world of cryptos.
In its latest announcement, Coinbase has informed of the launching of a new operational process that will allow faster listing of more digital assets as long as they’re compliant with local legal policies in their areas of origin. However, the company clarified that these new digital assets will be listed on a case-by-case basis, and that they will be available for trade only in selected areas.
Making the announcement on its company blog, Coinbase reminded its customers that it has always taken calculated steps when adding new digital assets on its platform, reiterating that the company’s sole goal is to ensure that all its customers’ needs and expectations are fully met.
According to the company’s statement, for anyone to request an asset listing on its platform, they must either be a crypto investor with upwards of $1 million in investments, an employee or executive, or a founder (or lead developer).
The application evaluation process will cover 6 serious steps with requirements that the asset in question must meet before it can be listed on Coinbase. To make things even better, Coinbase won’t charge any application fees at the moment, but that might change according to the number of applicants. For that, the company has made it clear that the decision to or not to impose fees is still at its discretion, explaining that, if charged, such fees would be used to offset the operational costs involved in the application evaluation processes.
With this new development, Coinbase plans to eventually support over 40 cryptocurrencies on its exchange platform. Currently, the exchange supports Ethereum (ETH), Bitcoin Cash (BCH), Bitcoin (BTC), and Litecoin (LTC). Ethereum Classic (ETC) is expected to be listed soon. The 40 cryptos referred to will include NEO, Ontology, and XRP.
On August 24, Coinbase announced its plans to start a drive to help new customers to find their way around the crypto world, a development that comes as part of a new update. The information given on Coinbase’s page will cover the top 50 cryptos based on their history, market cap, and links to more information sources like white papers and other websites related to the cryptos.