Coinbase has confirmed that it is considering adding eight new crypto assets on its exchange platform.
Top crypto exchange Coinbase is thinking of adding support for eight new crypto assets, including Dash (DASH), Cosmos (ATOM), Decred (DCR), Algorand (ALGO), Harmony (ONE), Matic Network (MATIC), Waves (WAVES), and Ontology (ONT).
Coinbase is exploring the addition of 8 new digital assets. It’s our goal to offer support for all assets that meet our standards and are compliant with local law. https://t.co/v5yzXUhbSL
— Coinbase (@coinbase) August 5, 2019
The company is also looking to make its platform more user-friendly and to insert a spending summary which will enable users to track their Coinbase Card orders. The new feature will enable customers to monitor their expenditures when they purchase products using the Coinbase Card.
The exchange is currently evaluating the candidate cryptos through their Digital Asset Framework where they asses them based on certain factors. The assets will be rated according to compliance, security, and of the project is on the same page with the exchange’s aim of creating a global and open financial network.
According to their official announcement, Coinbase announced that they will be listing all the assets that meet their technical standards and those that comply with the local law.
Coinbase also explained in their blog post that they expect that their customer base will have in a few years more than 90 percent of all the crypto assets currently in circulation.
According to the blog, the process of finding the assets might be noticed by users in the form of the public-facing APIs or indicators of engineering for adding support.
Coinbase will be introducing the new assets jurisdiction-by-jurisdiction in accordance with their listing process. A subsequent blog post revealed that these new listing announcements might increase in frequency, they will be publishing new asset addition announcements near the times when they launch different products.
Coinbase’s main platform currently supports Bitcoin Cash, Bitcoin, Litecoin Ethereum Classic, USD Coin, Ethereum, XRP, Zcash, Stellar, 0x, and Basic Attention Token.
Featured Image: CryptoNewsZ
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