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The US based cryptocurrency exchange, Coinbase says it is "exploring" the addition of a wide range of digital resources to its platform. In a blog post published Friday, December 7, the exchange listed more than 30 cryptographic assets, including the best assets such as the Ripple, Cardano, EOS and NEO XRPs.
The post read:
"Coinbase is exploring a wide range of goods that include, in alphabetical order by symbol: Cardano (ADA), Aeternity (AE), Aragon (ANT), Bread Wallet (BRD), Civic (CVC), Dai (DAI), district0x (DNT), EnjinCoin (ENJ), EOS (EOS), Golem Network (GNT), IOST (IOST), Kin (KIN), Kyber Network (KNC), ChainLink (LINK), Loom Network (LOOM), Loopring (LRC ), Decentraland (MANA), 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). "
He noted that over time he intends to offer support for over 90% of all digital assets compliant by market capitalization.
Finally XRP on Coinbase?
Every time Coinbase announced an announcement if it were Ethereum Classic [ETC] in August or 0x and Zcash later, the unsolicited question is "Why not XRP?". Despite the slowdown in cryptography markets in 2018, Ripple's XRP token posted relatively better results than most of the major cryptocurrencies supported by the strategic partnerships that the company was making in the global financial space.
As reported by Smartereum, Ripple overtook Ethereum last month to become the second most important cryptocurrency by market capitalization. This saw the token recognized by different trading platforms and payment processors; at the beginning of the week the Rope platform created by the blockchain consortium, R3, announced support for XRP.
Despite this, XRP remained remarkably absent from Coinbase, the platform where a lot of Americans buy cryptocurrency using the USD. The fact that Coinbase has listed Zcash, a controversial currency due to anonymity, has made the absence of XRP glaring. But this could soon change.
Company executives had suggested that regulatory uncertainty around XRP was the reason why it was not yet listed on the platform because the token, along with many other altcoins, was the subject of debate with the Securities and Exchange Commission (SEC) . The Ripple executive claimed that his XRP token was not an illegally issued security token as he was charged. Less than that debate was heard at the moment.
Coinbase Listing Drive
XRP can be one of the beneficiaries of the criptovalute quotation process revised by Coinbase. In September, the San Francisco plant announced changes to accelerate the token listing process.
Coinbase wrote at the moment:
"Our goal is to quickly list all resources that meet our standards and comply with local laws, while providing our customers with the tools to discover, evaluate, negotiate and use digital assets."
The company, in a similar blog post, outlined five tokens that he was exploring at the time, that is, Cardano [ADA], Basic attention token [BAT], Lumen stars [XLM]Zcash [ZEC]and 0x. So far, three of these tokens have been listed on the platform.
Exploration does not guarantee the list
While hoping to list tokens in the future, Coinbase warned that the alert does not guarantee an automatic list for the 30 tokens explicitly mentioned. In addition, the exchange can decide the total or partial support for the tokens when they are listed. For example, it does not support a full range of Zcash services although it is listed on the platform. Services can also be limited by customer locations and panels based on regulations and other requirements.
Coinbase explained:
"The addition of new resources requires significant exploration work both from a technical and a compliance point of view, and we can not guarantee that all the activities we are currently evaluating will eventually be listed for trading. involve the listing of some of these activities exclusively to customers for the purchase and sale, without the ability to send or receive using a local portfolio. "
