Coinbase Is Looking To Rapidly Add New Assets Via Open Applications – Are Monero (XMR), Stellar (XLM) & Ripple’s XRP Obvious Choices?
The crypto community has been living its best days with various great news pouring over it since yesterday.
There has been a bearish trend that has been lingering over the crypto market almost the whole year in which investors have maintained their faith due to various developments and achievements from their favorite cryptos.
Now, everyone’s hopes seem to pay off because the cryptosphere has been recently hit with massive news.
Coinbase plans to rapidly add new assets
The platform announced that it plans to “rapidly add” new assets to its system via open applications. This comes as a change in direction for the exchange which used to make a systematic approach when it added new crypto.
Currently, Coinbase is supporting Bitcoin, Bitcoin Cash, Litecoin, Ethereum, and Ethereum Classic.
The exchange has only supported three cryptos and the two largest forks of those currencies.
They plan to add as many cryptos and tokens as possible while adhering to a set of guidelines.
“Our goal is to rapidly list all assets that meet our standards and are compliant with the local law while providing our customers with the tools to discover, evaluate, trade, and use digital assets,” Coinbase writes, and you can read all the details here.
Are Monero (XMR), Stellar (XLM) and Ripple’s XRP obvious choices?
Well, it remains to be seen.
First of all, a while ago Coinbase announced that they were exploring the addition of a few new assets and Stellar was one of them.
So it would make sense that they decided to eventually add the crypto. After all of Ripple’s achievements and all the presumptions that XRP will become the payment of the future, it doesn’t seem too far-fetched that Coinbase decided to add XRP to its listings as well.
And regarding Monero, Coinbase already announced that it was exploring the possibility of adding it to Coinbase Custody, along with XRP so, the moment might be approaching.
We’ll have to wait and see what the exchange’s new move is.
Coinbase is a digital currency exchange headquartered in San Francisco, California.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.