Coinbase is studying 18 new digital assets accessible from their platform.
On its blog, Coinbase announced that it is working on supporting new assets on its trading platform in the very near future.
Coinbase's objective is to offer support for all assets that meet our technical standards and comply with applicable laws. Today we are announcing that we are exploring the addition of a range of new assets.
As part of the exploratory process, clients may see publicly available APIs and other signs that we are doing engineering work to potentially support these assets," wrote Coinbase.
The Californian crypto-broker would like to list at least 90% of the crypto-money market on its exchange platform. All this is under consideration, but Coinbase could support the following assets in the near future these assets could be supported :
Aave, Aragon, Arweave, Bancor, COMP, DigiByte, Horizen, Livepeer, NuCypher, Numeraire, KEEP Network, Origin Protocol, Ren, Render Network, Siacoin, SKALE Network, Synthetix and VeChain.
Coinbase has expressed its views on this subject:
Our decision to take over an asset requires significant technical and compliance review and may be subject to regulatory approval in some jurisdictions. Therefore, we cannot guarantee if or when any of the above-mentioned assets will be listed on a Coinbase product in any jurisdiction.
Today, Coinbase lags far behind its competitors in the support of cryptosystems, with only about 20 crypto products available for exchange, compared to hundreds of peers available from its competitors.
But according to a recent study, the exchange holds about 984,300 BTC, more than double that of its first rival Huobi (413,000 BTC). Coinbase is therefore not that far behind.
Is Coinbase going to catch up with other exchanges with these new trading opportunities?