Popular cryptocurrency exchange Coinbase is contemplating on adding support for 18 new digital assets, the company said in a blog post on 11 June.
According to the announcement, Coinbase has put a variety of digital assets under review for possible support on its platform. Among the chosen assets are Aave, Aragon, Arweave, Bancor, COMP, DigiByte, Horizen, Livepeer, NuCypher, Numeraire, KEEP Network, Origin Protocol, Ren, Render Network, Siacoin, SKALE Network, Synthetix, and VeChain.
The post also notes that the review of these assets should show Coinbase’s intentions of exploring cryptocurrencies that have yet to launch, and which the exchange may choose to support in the future. It also states that there is no time frame for listing these assets, as the process will require “significant technical and compliance review”, as well as some regulatory approval.
The post reads:
“We will add new assets on a jurisdiction-by-jurisdiction basis, subject to applicable review and authorizations. Our customers can expect Coinbase to make future, similar announcements as we continue to explore the addition of numerous [crypto] assets across the platform.”
While announcing your intentions is in many ways a good move, sometimes it can be premature. The international institutional crypto holding arm of the exchange, Coinbase Custody, has reportedly deleted a 30 May tweet in which it announced support of the Tether stablecoin (USDT). While it remains unclear when the tweet was removed, Coinbase Custody’s website does not mention any support for USDT.