Coinbase Adds 17 Digital Currencies To Their Platform

17 Digital Currencies added to Coinbase

Coinbase Digital Currencies, the United States established crypto exchange, has announced that they’re expanding their trading services with an additional seventeen currencies. The coins include Gram, FileCoin, Polkadot, Avalanche, Chai, Celo, Dfinity, Coda, Kadena, Handshake, Nervos, MobileCoin, Near, Orchid, Oasis, SpaceMesh and Solna. Most of these coins haven’t been released to the public but are anticipated to be launched before the beginning of 2020.

Coinbase’s official statement read: “Today we’re announcing that we are exploring the addition of a range of new assets. As part of the exploratory process, customers may see public-facing APIs and other signs that we are conducting engineering work to support these assets potentially. We will continue to evaluate prospective assets against our Digital Framework to assess factors like security, compliance, and the project’s alignment with our mission of creating an open financial system for the world. Our decision to support any asset requires significant technical and compliance review and may be subject to regulatory approval in some jurisdictions,” Coinbase added. “We, therefore, cannot guarantee whether or when any above-listed asset will be listed on a Coinbase product in any jurisdiction.”

Coinbase Today

Coinbase has actively worked towards increasing their available listings, with announced plans to provide an additional eight tokens to their exchange. One of those tokens, Dash, was recently added to the exchange. Right now, the available currencies provided through the Coinbase platform comprise of BTC, Bitcoin, XRP, Ethereum, Litecoin, Ethereum Classic, Stellar and Zcash. There are also dozens of other lesser-known cryptocurrencies issued out by blockchain firms connected to Coinbase.

Unfortunately, Coinbase hasn’t provided a specific launch date to the upcoming seventeen Coinbase Digital Currencies. The lack of a timeline indicates that they won’t be released until the first quarter of 2020. However, the exchange did confirm that these coins will be based on state-by-state regulatory standards.

Author: Tom Arran

Tom has over 10 years experience on crypto currencies, first mining bitcoin on an old university computer for 20 cents a coin to now day trading bitcoin in between helping to start whichbroker.com. Tom has previously held roles at a leading EU brokerage and provided insight and consultancy work for number of UK banks in Crypto. Tom Arran can be contacted at [email protected], View all posts by Tom Arran