The Custody of Coinbase issued a statement describing the ongoing process of making a decision about new storage resources, in what is became a model for Coinbase recently.
which appears on the official blog of Coinbase specifies that the listed resources including Ripple (XRP), Monero (XMR) and EOS, are taken into consideration only for the listing and have no relationship with products and services related to trading .
The statement, signed by Sam McIngvale, the Coinbase Custody Product Lead, states in part:
" Coinbase Custody is exploring the addition of many existing and future cryptographic resources only for storage, and will be working to add them as quickly and securely as possible. At the moment, we have not yet considered these assets for trading. We are making this announcement internally to Coinbase and to the public at the same time to remain transparent with our customers on support for future resources. "
Undoubtedly motivated by the desire to avoid the controversy that has haunted Coinbase since the Bitcoin Cash saga of December 2017, the statement repeatedly refers to the autonomous nature of Coinbase Custody.
It reiterates to readers that the decision to add assets to Custody custody services has no relation to the asset's probability of being listed on other Coinbase platforms such as Coinbase Pro, Coinbase Prime or Coinbase Markets.
All assets that will be approved for trading on Coinbase According to the statement, they must exceed the requirements set in the Coinbase Digital Asset Framework.
Going further, the statement informs users that, although they can observe APIs addressed to the public and other clues about the preparation behind the scenes of the & # 39; patrimonial assistance, this should in no way be considered an indication that any activity will be in real available in the Custody.
The list of assets under consideration for listing by Coinbase Custody includes Nano (NANO), Bitcoin Gold (BTG), Dogecoin (DOGE), Ripple (XRP), DASH (DASH), NEO (NEO) ), Cardano (ADA), Luminous Stellar (XLM), EOS (EOS), Monero (XMR), Tezos (XTZ), STEEM (STEEM) and ICON (ICX) among others.
In conclusion, the statement directs users to search for more information about the Coinbase Twitter handle before listing the tokens that are being examined.
CCN reported in July that Coinbase issued a similar announcement to inform users that it was in the process of considering five cryptocurrencies for listing on Coinbase's trading services in the interest of transparency.
Coinbase also released a Digital Assets Framework in an attempt to repair the reputational damage caused by the Bitcoin fallout Cash insider tr
CCN reported last week that following an internal investigation of insider trading allegations conducted with two nationally recognized American law firms, Coinbase has ruled that it has found no evidence of wrongdoing.
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