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Cryptocurrency exchange Coinbase said Friday that it is examining 19 cryptocurrencies for a possible list.
These new assets are: Ampleforth, Band Protocol, Balancer, Blockstack, Curve, Fetch.ai, Flexacoin, Helium, Hedera Hashgraph, Kava, Melon, Ocean Protocol, Paxos Gold, Reserve Rights, tBTC, The Graph, Theta, Uma and Bitcoin wrapped (WBTC).
Coinbase said the review process includes “significant technical and compliance review and may be subject to regulatory approval in some jurisdictions.” There is no guarantee that the crypto assets under consideration will get an automatic listing.
“[Our] The goal is to offer support for all assets that meet our technical standards and comply with applicable laws, “the US exchange said in a blog post.
“Based on our listing process, we will add new assets based on jurisdiction, subject to applicable review and permissions. Omitting assets from this publication does not exclude any such assets from active review and potential listing,” he added. .
Coinbase, which boasts over 35 million users worldwide, indicated it will continue to value more digital assets and over time expects to support “at least 90% of the aggregate market capitalization of all digital assets in circulation.”
In June, the exchange revealed it was exploring the addition of 18 crypto assets, including Comp, Aave, Aragon, and Bancor.
Assets that eventually go public on Coinbase have tended to see sharp increases in their prices – as happened with Makerdao’s MKR in May or Compound’s Comp in June – but the relationship, known as the “Coinbase Effect”, isn’t always. linear. The comp rose to 300% in the period before and after Coinbase’s listing.
At the time of writing, most of the resources Coinbase has announced for review are increasing. For example, Melon was up more than 26%, Flexacoin by 4.5%, and reserve rights by 2.4%, according to data from markets.Bitcoin.com.
What do you think of the new assets that are listed on Coinbase? Let us know in the comments section below.
Image credits: Shutterstock, Pixabay, Wiki Commons
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