Exchanges

Coinbase explores adding 19 more digital currencies

San Francisco-based exchange Coinbase is exploring the addition of 19 more tokens and coins as it aims to tap into the rising popularity of Decentralised Finance (DeFi).

According to an official announcement, Coinbase is examining whether 19 projects comply with its listing policy before adding buy and sell functionality on its app.

The potentially gung-ho approach to listing more cryptocurrencies is a stark contrast to in 2017 when the Coinbase app just offered, Bitcoin, Ethereum, Litecoin and Bitcoin Cash.

The announcement read: “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.

“These new assets include, in alphabetical order: Ampleforth, Band Protocol, Balancer, Blockstack, Curve, Fetch.ai, Flexacoin, Helium, Hedera Hashgraph, Kava, Melon, Ocean Protocol, Paxos Gold, Reserve Rights, tBTC, The Graph, THETA, UMA, and WBTC.”

New assets will be listed on a country-by-country basis depending on regulatory oversight in each particular jurisdiction.

Coinbase made a similar announcement in late 2018 as it revealed it was adding a plethora of new tokens including Cardano, Tezos and XRP.

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Oliver Knight

Londoner ‘Ollie’ graduated from Birmingham City University with a journalism degree in 2016. He combines his writing with his love of crypto and blockchain here at Coin Rivet, saying “It disrupts well-established institutions (banks) while giving an avenue to the less fortunate to achieve financial freedom.” Like all true Londoners, his pet hate is… “People standing on the left-hand side of the escalators on the Tube!”.