Coinbase says it is reviewing 18 new digital assets for possible support
June 10, 2020, 6:21PM EDT
1 min read
Cryptocurrency exchange Coinbase detailed a new slate of digital assets that are under review for possible support on its platform.
According to a Wednesday announcement, Coinbase is looking at 18 additional assets, which include the following: Aave, Aragon, Arweave, Bancor, COMP, DigiByte, Horizen, Livepeer, NuCypher, Numeraire, KEEP Network, Origin Protocol, Ren, Render Network, Siacoin, SKALE Network, Synthetix and VeChain.
"As part of the exploratory process customers may see public-facing APIs and other signs that we are conducting engineering work to potentially support these assets," the firm said.
Notably, these assets may not become available in all jurisdictions and final listing decisions will depend on local regulations, Coinbase noted.
"Our decision to support any asset requires significant technical and compliance review and may be subject to regulatory approval in some jurisdictions," the blog post explained. "As per our listing process, we will add new assets on a jurisdiction-by-jurisdiction basis, subject to applicable review and authorizations."
Ethereum had a breakout year in 2021. It’s native asset, ETH’s, market capitalization surpassed $500 billion for the first time. Its network facilitated upwards of $7 trillion value transfer. Non-fungible tokens (NFTs) emerged as another “killer application” that have put its technology on the global stage and caught the attention of the masses.