The New Listing Process Unleashed
On September 25, Coinbase dropped the big news: they’re streamlining their process to list more digital assets, which is like adding extra lanes on a freeway. But hang on, these new lanes are just for compliant assets. This means that some shiny new tokens might be available in select jurisdictions only. So, if you’re in the wrong spot, you might need to play the waiting game.
How Do You Get Your Coin Listed?
Issuers eager to play the listing game will need to fill out a special form. Think of it as a digital coin dating application—if they don’t meet Coinbase’s criteria, it’s a hard pass! The Coinbase crew will evaluate these submissions against their digital asset framework, which is just a fancy way of saying they have standards.
Fees: Free Now, Maybe Not Later
For now, there’s no application fee, but don’t get too comfy. Coinbase has hinted they might start charging later on to cover legal and operational costs. So, those unicorn tokens could end up being more costly than a night out with friends if this fee comes into play later!
What’s Currently on Coinbase?
As of the latest update, Coinbase is supporting the big players in the crypto world: Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), and Litecoin (LTC). On a side note, quite a jump happened in the ETC price after support was announced in June—up by 25%! Who doesn’t love a good surprise boost?
What’s Coming Next?
In the realm of whisperings and predictions, earlier this summer, Coinbase teased that they might add five new tokens to their lineup. Included were Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC), and 0x (ZRX). So, if you have a favorite among these, keep your fingers crossed! Meanwhile, August saw the advent of British pound (GBP) support. This enables our friends across the pond to make faster transfers and buy crypto within the same day—talk about efficiency!
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