Coinbase Introduces New Listing Policy Potentially Bringing Thousands Of New Coins To The Platform

Coinbase, the leading US exchange, has just released a new cryptocurrency listing policy that may see it add up to thousands of new coins and tokens across all platforms globally, including the U.S.

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Coinbase, the leading US exchange, has just released a new cryptocurrency listing policy that may see it add up to thousands of new coins and tokens across all platforms globally, including the U.S.

Announced on CNBC Fast Money by Coinbase Vice President Dan Romero, the move is backed by very strong customer demand for other tokens.

According to Romero:

“So when we talked to customers, the number one request is to add more assets to the platform and if you look at where we are today we have five assets on the platform”

Coinbase currently only offers five digital assets:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ethereum Classic (ETC)
  • Bitcoin Cash (BCH)
  • Litecoin (LTC)

Romero continued:

“there are thousands of cryptocurrencies that we don’t support”

Increasing competition

With increasing competition from popular exchanges like Binance, Bittrex, and many other in conjunction with the growing number of crypto project, Coinbase is starting to feel the pressure.

Romero explained:

“What we are launching today — and i’m really delighted to talk about — is Listing.Coinbase.com and a new process where we will enable Coinbase to list as many assets that are compliant with local law”

Coinbase previously explained that it has limited its listings based on regulatory concerns and constraints.

Region by region approach

When asked whether Coinbase would be rolling out the new coins and tokens globally, Romero explained that Coinbase would take a ‘region by region approach’.

“[U]ltimately trying to allow customers wherever they are to have access to the maximum number of assets possible”

Case by case approach in the U.S.

When asked about Coinbase USA specifically, Romero stated that Coinbase “feels confident in their ability to list more assets in the U.S.”

He went on to explain that customers will see assets added to Coinbase Europe, others in the rest of the world but that ultimately, every asset would be made available to U.S. customers.

Coinbase Introduces New Listing Policy Potentially Bringing Thousands Of New Coins To The Platform

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