Coinbase Exploring Addition Of Five More New Crypto Assets

US-based crypto exchange Coinbase is planning to work with local banks and regulators to explore the possibility of adding five more new crypto assets in as many jurisdictions as possible.

Coinbase aims to add Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC), and 0x (ZRX).

The exchange said adding these crypto assets will require additional exploratory work and it cannot guarantee they will be listed for trading. Some may even be offered in other jurisdictions prior to being listed in the U.S.

It added that some of these assets may be listed solely for customers to buy and sell, without the ability to send or receive using a local wallet.

Coinbase may also only enable certain ways to interact with these assets through our site, such as supporting only deposits and withdrawals from transparent Zcash addresses.

As part of the exploratory process, customers may see public-facing APIs and other signs that the exchange is conducting engineering work to support these assets.

Coinbase had announced to support Ethereum Classic (ETC) on their platform in June, which is technically very similar to Ethereum and does not require additional exploratory efforts like these five proposed crypto assets. It already supports Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), and Litecoin (LTC).

It also announced plans to support ERC20 tokens on its exchange in March.

Earlier in the month, Coinbase launched a new cryptocurrency custody service for institutional investors called Coinbase Custody. It provides secure storage of crypto assets for institutions in both the U.S. and Europe.

by RTTNews Staff Writer

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