Coinbase Adds New Digital Assets to its Platform

Cryptocurrency exchange Coinbase said it was still looking at cryptocurrencies to add to its platform. In a Medium blog, the company said currently they will be adding several new cryptocurrencies such as Avalanche, Celo, Chia, Coda, Dfinity, Filecoin, Handshake, Kadena, Mobilecoin, NEAR, Nervos, Oasis, Orchid, Polkadot, Solana, Spacemesh, and Telegram.

The exchange stated that owing to certain regulations and jurisdictions, it is impossible for them to announce a particular date on which cryptocurrencies will be added to the platform. The blogpost said, “Our decision to support any asset requires significant technical and compliance review and may be subject to regulatory approval in some jurisdictions. We therefore cannot guarantee whether or when any above-listed asset will be listed on a Coinbase product in any jurisdiction. As per our listing process, we will add new assets on a jurisdiction-by-jurisdiction basis, subject to applicable review and authorizations.”

It reminded the users that, just because some assets made the cut and the others didn’t, did not mean that the rejected assets were disqualified for applying again.

In the past, Coinbase has been very particular about the kind of cryptocurrencies it plans to add to its platform. Last year, when there were rumours about Coinbase adding XRP, the exchange very firmly shut those rumours down, without taking any names.

At the time, the company had said, “As of the date of this statement, we have made no decision to add additional assets to either GDAX or Coinbase. Any statement to the contrary is untrue and not authorized by the company.” However, all of these guidelines and stance went down the drain, when Coinbase added XRP to its trading platform, earlier this year.

As far as the new digital assets are concerned, only time will tell if they were worthy enough or not, and if so, will we be kept in the loop?