XRP in the list of tokens Coinbase is evaluating to add to its platform


One of the leading crypto exchanges in the world, Coinbase keeps making headlines on a regular basis and it seems that the San Francisco-based exchange is in no mood to slow down. On Friday, the exchange announced it is looking into more than 30 crypto assets and considering them for listing. This announcement makes the intent of Coinbase very clear, which is to list as many tokens as possible and provide its customers with a wide array of choices.

However, Coinbase has not taken the decision to list the tokens as yet and is rather assessing factors like security, compliance, and the project’s alignment with the exchange’s mission of creating an open financial system for the world.

As per the blog, Coinbase intends to offer its customers access to greater than 90% of all compliant digital assets by market cap. Some of the more prominent names in the list that Coinbase is exploring consists of Cardano [ADA], Ripple [XRP], Tezos (XTZ), EOS (EOS), Enjin Coin (ENJ), Maker (MKR), OmiseGo (OMG), and NEO (NEO) among others.

The exchange in its blog notes that new assets will only be listed after significant exploratory work from both a technical and compliance standpoint is complete and it doesn’t guarantee that all the assets will be listed for trading. In some cases the listing process may result in some of these assets being listed solely for buying and selling purpose and the users will not be able to send or receive it using a crypto wallet.

After listing BAT, ZRX, and ZEC tokens, Coinbase continues to evaluate a number of other ERC-20 tokens.

The exchange also issued a warning to its customers that they might see assets appear on public-facing APIs and other services before they are officially listed and if that happens, Coinbase “cannot commit to when or whether these assets will become available.”

“In the near future, users can expect that the exchange will make similar announcements about the addition of multiple assets. Some of these assets may become available everywhere, while others may only be supported in specific jurisdictions,” the blog concludes.

See Also: Coinbase engages in a year-long experiment to roll out digital identity solutions

Coinbase announces support for Zcash [ZEC]

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