Coinbase is exploring the possibility of adding eight new cryptocurrencies, according to a recent press release.
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“Coinbase’s goal is to offer support for all assets that meet our technical standards and which comply with applicable laws,” the company stated.
“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.”
To make this vision a reality, Coinbase evaluates prospective assets against their Digital Asset Framework to assess factors like security, compliance, and the project’s alignment with the company’s mission of creating an open financial system for the world.
As part of the exploratory process, customers may see public-facing APIs and other signs that Coinbase is conducting engineering work to potentially support these assets.
These new assets include, in alphabetical order: Algorand, Cosmos, Dash, Decred, Matic, Harmony, Ontology, and Waves.
“Our decision to support any asset requires significant technical and compliance review and may be subject to regulatory approval in some jurisdictions,” said Coinbase.
“We therefore cannot guarantee whether or when any above-listed asset will be listed on a Coinbase product in any jurisdiction.”
As per the company’s listing process, they will add new assets on a jurisdiction-by-jurisdiction basis, subject to applicable review and authorizations.
The omission of assets from this publication does not disqualify any asset from active review and potential listing.
“Our customers can expect Coinbase to make future, similar announcements as we continue to explore the addition of numerous assets across the platform,” said Coinbase.