Coinbase Is Reportedly Exploring The Addition Of 8 Cryptos
Coinbase is reportedly considering adding eight new cryptos to the platform.
The exchange is reportedly evaluating the following digital assets as reported by the Daily Hodl: Algorand, Cosmos, Dash, Decred, Matic, Harmony, Ontology and Waves.
The framework is analyzing factors including security, compliance, and the project’s alignment with Coinbase’s “mission of creating an open financial system for the world.”
The official notes also highlight that “As part of the exploratory process, customers may see public-facing APIs and other signs that we are conducting engineering work to potentially support these assets.”
If these are approved, Coinbase will add them on a jurisdiction-by-jurisdiction basis.
At the same time, it’s also important to note that the crypt exchange will be taking into account country-specific reviews and authorizations.
“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,” Coinbase says.
Crypto adoption intensifies
More and more crypto enthusiasts decided to enter the crypto space and invest in digital assets.
At the end of last month, we were reporting that Coinbase said that people have been signing up to use it with increasing interest.
The stats are showing that the exchange is now flaunting 30 million users, and it was able to adjust 5 million users in the last ten months alone.
The exchange made sure to expand its offerings, and it also expanded the support for institutional investors as well.
In other news, it was also recently reported that Coinbase shut down its crypto bundles without issuing any warning.
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.