Cryptocurrency exchange Coinbase has announced that it is “exploring” the possibility of adding eight more cryptocurrencies including Cosmos, Dash, and Ontology.
The San Francisco-based firm has taken a gung-ho approach to listing tokens over the past year, adding the likes of EOS, Zcash, and Stellar Lumens.
It’s a far cry from its approach in 2017, which saw the exchange list just Bitcoin, Ethereum, and Litecoin before adding Bitcoin Cash following the hard fork.
In an official statement, Coinbase wrote: “Over time, we expect our customers around the world will have access through Coinbase to at least 90% of the aggregate market cap of all digital assets in circulation.
“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 potentially support these assets.”
Over time, we expect Coinbase customers around the world will have access to at least 90% of the aggregate market cap of all digital assets in circulation.
— Coinbase 🛡️ (@coinbase) August 5, 2019
The listing of numerous altcoins has failed to galvanise the long-awaited ‘altcoin season’, which saw various tokens rally by more than 3,000% in 2017.
Instead, altcoins have suffered the most throughout 2018 and 2019, with Bitcoin leading the charge in terms of percentage gains.
Coinbase was one of the figureheads of the 2017 bull run, becoming the most downloaded mobile app on Apple’s US App Store in 2017.
Coin and token listings at the time often saw instantaneous rallies of 40-200%, however these have gradually grown less volatile as time has gone on.
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Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.