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July 14, 2018
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Coinbase teases new cryptocurrency assets for which it’s ‘exploring’ support

Coinbase is taking a look at some new cryptocurrencies to add to its exchange. The list is kind of a pre-announcement, with the startup saying that it’s “exploring” adding the assets and is working with local banks and regulators to make them happen.

On the list are…

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  • Cardano (ADA)
  • Basic Attention Token (BAT)
  • Stellar Lumens (XLM)
  • Zcash (ZEC)
  • 0x (ZRX)

Coinbase is one of the most popular exchange companies and holds quite a bit of sway in directing attention and enthusiasm within the broader blockchain/cryptocurrency space, so the exploration announcement is sure to bring some added interest to these particular assets.

Last month, the site announced it was adding Ethereum Classic to the exchange, though in a blog post published today, Coinbase notes that while adding that asset was relatively straightforward, it’s going to take some regulatory work to add any of these new tokens, further noting that they “cannot guarantee they will be listed for trading.”

Coinbase got some flack with the debacle surrounding the rollout of Bitcoin Cash after several users accused the site’s employees of profiting from advanced knowledge of the news after the token’s value swelled preceding the announcement.

Announcing this might be a way for Coinbase to just hedge some of that by informing the whole community in an earlier stage of the process in which direction it is looking, even if every asset doesn’t necessarily end up landing on one of the startup’s exchanges. It’s also a way to prevent speculation and frustration as APIs land on the site that are testing integrations — Coinbase probably doesn’t want people assuming these are guarantees of future support.   

 

 

Note: We’re having some issues with our timestamp tool. This article was originally published at 1:44pm PT on July 13.


TechCrunch



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Danielle E.
Hi, I'm Danielle Eubanks! I'm an entrepreneurial and for the past 10 years I’ve been studying the Digital Publishing Landscape and it seemed a natural progression into a “helping” profession.