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Coinbase ready to expand – Because the trade will have even more ERC20 tokens in the near future
Christmas arrives early for some of us around the world. But for cryptocurrency traders who are using the California Pro version Coinbase, he arrived early and with a generous "wow" factor. attached.
This is according to news that the exchange has officially listed 4 new digital tokens to its pro platform. The activities in question include MKR (Maker), DAI (Dai), ZIL (Zilliqa) and GNT (Golem).
While this justifies a hearty applause from investors, according to a larger announcement made by the Coinbase team, these tokens, in particular, their functionality through smart contracts will not yet be available.
The declaration explicitly explains the reason for this:
"Each of these tokens has associated features, some of which may be in beta, and the functionality associated with each token is not currently directly accessible through the Coinbase Pro platform."
Rise Of ERC20 on Coinbase – Because the exchange is offering wider support to the platform
While the inclusion of new tokens in the exchange is a pleasant surprise, it is not exactly as unexpected as many crypto investors and the recall anticipated an increase in the exposure of the ERC20 token standard on the platform. An announcement that was made by the exchange of coins in March 2018 went on to state the following:
"We are thrilled to announce our broader intention to support Ethereum's ERC20 technical / token standard for coinbases in the coming months, which broadly paves the way for ERC20's support of the products available on Coinbase in the near future. . "
Token ERC20, the big names are listed by Coinbase
In recent months, the platform has been constantly added to his list of ERC20 tokensas a result of:
ZRX (0xToken), BAT (Basic Attention Token), USDC (USD Coin), CVC (Civic), DNT (District0x), LOOM (Loom Network) and MANA, the token used by the virtual reality blockchain experience, Decentraland.
Unboxing The List So – The 31 Digital Assets The exchange has announced interest in
Together with the digital resources that officially announced, Coinbase has expressed a generous interest in exploring other potential additions to the exchange. In total, this equals more than 31 different activities that he watched support.
Of these, only six are actually supported by unique blockchian networks (with the exception of the Ethereum side chains like Loom), including EOS, NEO, Stellar, ADA and TEZOS. Besides these, the rest consists of Token ERC20.
At the moment, this is the complete list of ERC20 tokens that are available on the exchange:
AE (Aeternity), ANT (Aragon), BRD (Bread Wallet), ENJ (EnjinCoin), IOST, KIN, KNC (Kyber Network), LINK (ChainLink), LRC (Loopring), MFT (Mainframe), OMG (OmiseGo) , POE (Po.Et), QKC (QuarkChain), REP (Augur), REQ (Request Network), SNT (State), STORJ.
Cryptocurrency traders who are smarter in terms of observation can identify the 17 major contenders for the next tokens to add to the Token Coinbase lexicon, thus offering many more opportunities to make a profit.
Tokens On Mind – Stellar, Ripple (XLR) and Cardano – What do you think of them?
If we take into consideration the already existing preference of Coinbase when it comes to the type of token that you intend to list, and unfortunately people like Ripple, Stellar and Ada fall on the wrong side of the considerations for Coinbase.
But while it is the case that the exchange will not be listed anytime soon, there is at least one chance that will surprise investors. In the past, Coinbase he made really remarkable additions, such as the list of ZCash, which no one expected. So, why not one or all of the three mentioned.
With the constant approach of Christmas, Coinbase still has the chance to surprise us with a dark horse complete with a counter added to the exchange. But we must also accept the possibility that the odds are that they will not be Stellar, Ada or Ripple right now. But we can certainly hope for the off-chance.
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