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Coinbase Reviews 18 Digital Assets to add to its Platform

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Jayashree Ingle

CBW -External Analyst

INDIA

Aug, 25 2020

Aug, 25 2020

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Major Cryptocurrency exchange in the US, Coinbase has announced on Wednesday 10 June that it is reviewing 18 new digital assets to add on its platform.

In a blog post, the company states that the tokens which are under revival in terms of technical and compliance aspects also include tokens that are not yet launched.

The San Francisco based exchange which has worldwide customer-base, focuses to offer support to all assets which fit into technical standards and comply with regulatory laws.

The firm listed the tokens in alphabetical order as follows:

Aave, Aragon, Arweave, Bancor, Comp, DigiByte, Horizen, KEEP Network, Livepeer, Numeraire, NuCypher, Origin protocol, Ren, Render Network, Siacoin, SKALE Network, Synthetix, and VeChain.

The announcement stated that the new assets will be available in specific jurisdictions depending on local regulatory approvals. The blog post further revealed that the exchange is likely to add several assets in future in various jurisdictions subject to revival and authorizations  

The blog post states:

“Today we are announcing our intention to explore assets that have not launched and which Coinbase may choose to support in the future. We will continue to 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.”

New Addition

Today, Coinbase has added ERC-20 token Maker (MKR) at Coinbase.com and in Coinbase android and iOS apps. The Coinbase customers can access the MKR in all Coinbase supported locations except New York State. Maker will be available to sell, buy, send, convert receive or store for the users.


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The information provided through the above Content is for informational purposes only. The Content is not intended to be, and does not, constitute financial advice or any other advice. You should consult with a financial professional to determine what may be best for your individual needs. We do not make any guarantee or other promise as to any results that may be obtained using our Content. To the maximum extent permitted by law, we disclaim any and all liability in the event any information, commentary, analysis, opinions, advice and/or recommendations prove to be inaccurate, incomplete or unreliable or result in any investment or other losses. 


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Jayashree Ingle

CBW - External Analyst

INDIA

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