We are continuing to explore the addition of new assets, and will be working with local banks and regulators to add them in as many jurisdictions as possible.
As we announced in September, Coinbase’s goal is to offer support for all assets that meet our standards and are fully compliant with local law. Over time, we intend to offer our customers access to greater than 90{520ebc7d04367f10067c097a94259816cd1e6df76ec40212834858ca2e1af940} of all compliant digital assets by market cap. To make this vision a reality, we evaluate prospective assets against our Digital Asset Framework to assess factors like security, compliance, and the project’s alignment with our mission of creating an open financial system for the world.
Digital assets that Coinbase is exploring
Towards that end, Coinbase is exploring a broad range of assets which include, in alphabetical order by symbol: Cardano (ADA), Aeternity (AE), Aragon (ANT), Bread Wallet (BRD), Civic (CVC), Dai (DAI), district0x (DNT), EnjinCoin (ENJ), EOS (EOS), Golem Network (GNT), IOST (IOST), Kin (KIN), Kyber Network (KNC), ChainLink (LINK), Loom Network (LOOM), Loopring (LRC), Decentraland (MANA), Mainframe (MFT), Maker (MKR), NEO (NEO), OmiseGo (OMG), Po.et (POE), QuarkChain (QKC), Augur (REP), Request Network (REQ), Status (SNT), Storj (STORJ), Stellar (XLM), XRP (XRP), Tezos (XTZ), and Zilliqa (ZIL).
Adding new assets requires significant exploratory work from both a technical and compliance standpoint, and we cannot guarantee that all the assets we are evaluating will ultimately be listed for trading. Furthermore, our listing process may result in some of these assets being listed solely for customers to buy and sell, without the ability to send or receive using a local wallet. Finally, as per our listing process, we will add new assets on a jurisdiction-by-jurisdiction basis, which allows us to add assets efficiently and responsibly.
As context, earlier this year we made a similar announcement that published our intention to explore five new assets, as well as the general class of ERC20 tokens. We have added support for three of the assets described in that post (BAT, ZEC, ZRX) and continue to evaluate the others, along with a number of ERC-20 tokens.
As part of the exploratory process, customers may see public-facing APIs and other signs that we are conducting engineering work to potentially support these assets. We cannot commit to when or whether these assets will become available, and we will provide updates about the process via the Coinbase Blog and Twitter.
Going forward, you can expect that we will make similar announcements about exploring the addition of multiple assets. Some of these assets may become available everywhere, while others may only be supported in specific jurisdictions.
Coinbase continues to explore support for new digital assets was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
SOURCE: Ethereum in The Coinbase Blog on Medium – Read entire story here.
