Coinbase reviewing new cryptocurrencies! Coinbase reviewing new cryptocurrencies including Ampleforth, Band Protocol, Balancer, Blockstack, Flexacoin, Helium, The Graph, Theta, and Wrapped Bitcoin!
Coinbase has said that the review process includes “significant technical and compliance review and may be subject to regulatory approval in some jurisdictions.”
“[Our] goal is to offer support for all assets that meet our technical standards and which comply with applicable laws,” said the U.S. exchange, in a blog post.
“As per our listing process, we will add new assets on a jurisdiction-by-jurisdiction basis, subject to applicable review and authorizations. The omission of assets from this publication does not disqualify any such asset from active review and potential listing,” it added.
Coinbase boasts over 35 million users worldwide, and seeks to evaluate more digital assets. With time, they expect to support “at least 90% of the aggregate market cap of all digital assets in circulation.”
Assets that eventually get listed on Coinbase usually see a sharp increase in their prices. This has been dubbed the “coinbase effeft”.
At the time of writing, most of the assets that Coinbase has announced for review are going up. For example, Melon is up more than 26%, Flexacoin 4.5%, and Reserve rights 2.4%, according to data from markets.Bitcoin.com.
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