Coinbase has announced plans to ‘explore support’ for over thirty cryptocurrencies, with major altcoins such as XRP, EOS, Cardano and Stellar up for consideration.
Just yesterday Coinbase Pro surprised everyone by suddenly accepting inbound transfers of four new ERC-20 tokens: Loom Network (LOOM), Civic (CVC), districtOx (DNT) and Decentraland (MANA).
Coinbase Gets Alt-Happy
The addition of those four tokens leaves twenty-seven coins remaining out of Coinbase’s list, published yesterday. According to the announcement, the following batch of coins and tokens are currently being explored:
“Cardano (ADA), Aeternity (AE), Aragon (ANT), Bread Wallet (BRD), Dai (DAI), EnjinCoin (ENJ), EOS (EOS), Golem Network (GNT), IOST (IOST), Kin (KIN), Kyber Network (KNC), ChainLink (LINK), Loom Network (LOOM), Loopring (LRC), Mainframe (MFT), Maker (MKR), NEO (NEO), OmiseGo (OMG), Po.et (POE), QuarkChain (QKC), Augur (REP), Request Network (REQ), Status (SNT), Storj (STORJ), Stellar (XLM), XRP (XRP), Tezos (XTZ), and Zilliqa (ZIL).”
Such news will be a boon to bag-holders everywhere, assuming they’re still in the game. However, the announcement does come with a caveat or two:
“Adding new assets requires significant exploratory work from both a technical and compliance standpoint, and we cannot guarantee that all the assets we are evaluating will ultimately be listed for trading.”
With that said, Coinbase has shown itself to be one of the more cautious cryptocurrency exchanges over the years, and the team don’t tend to make many calls that they can’t back up. As many of these coins have already started to pump following the announcement, it’s more than likely that the exchange is fairly confident that the listings will go ahead as planned.
Coinbase stated the possibility that not all of the assets may get the same level of exposure on the platform,