Coinbase’s Bold Move
In a world where speed matters almost as much as security, Coinbase has taken a significant step forward. On September 25, they announced a new process designed to expedite the listing of digital assets on their platform. This means you might see more coins popping up faster than you can say ‘blockchain.’
Compliance is Key
The new procedure isn’t just about speed; it’s also a matter of legality. Any digital assets listed via this process must comply with local regulations, which could mean that certain assets may only be available in specific jurisdictions. Think of it as Coinbase’s way of playing nice with the law while still being the cool kid on the crypto block.
A Unique Submission Process
Issuers who want their tokens featured on Coinbase will have to fill out a unique submission form. This will then be reviewed by the exchange’s team against their digital asset framework. No application fee is on the table for now — but don’t get too comfy; they might start charging fees in the future to recover costs. It’s like that friend who says, ‘Sure, you can crash at my place,’ but later reminds you about the pizza you owe them.
Expect More Lists, But With a Twist
Coinbase promises to list ‘most assets over time that meet our standards’ thanks to this new process. While the frequency of new token listings is expected to increase, don’t hold your breath; these listings will only be announced when they are officially available on one of Coinbase’s public products. Patience is a virtue, after all!
Current Offerings and Future Potential
As of now, Coinbase supports a shining lineup of cryptocurrencies including Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), and Litecoin (LTC). The buzz around these coins is often palpable — like the summer sun in July when Coinbase hinted at looking into five additional coins: Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC), and 0x (ZRX).
U.K. Customers Rejoice
Just when you thought Coinbase couldn’t be more user-friendly, they rolled out British pound (GBP) support in August. This feature allows U.K. customers to swiftly buy and sell crypto for pounds, making transfers as easy as Sunday brunch. Now you can grab your crypto fix and have breakfast with a side of bacon!
