Opinions

Coinbase Is Looking Into Currencies For Potential Listing

U.S. based crypto exchange Coinbase has posted a blogpost about the ‘possibility’ of providing trading support for over 30 cryptocurrencies. The potential additions include Ripple, EOS and Cardano. Here’s the list of all 31 potential candidates.

Coinbase Currencies
Source: blog.coinbase.com

Note that this list is NOT guaranteed to make it into the exchange as the company is still looking into the compatibility framework.

‘Adding new assets requires significant exploratory work from both a technical and compliance standpoint, and we cannot guarantee that all the assets we are evaluating will ultimately be listed for trading. Furthermore, our listing process may result in some of these assets being listed solely for customers to buy and sell, without the ability to send or receive using a local wallet.’

The press release also expressed the company’s desire to list the majority of currencies onto their exchange.
‘Over time, we intend to offer our customers access to greater than 90% of all compliant digital assets by market cap.’

This news, although welcomed, left many disappointed because of the absence of STEEM in the list. STEEM, with its large and active user base, 3 seconds of transaction time and 0 fees makes it a desirable currency. Alot of users have since demanded Coinbase to review the list and add STEEM to it.

On steemit.com, the website for STEEM, the trending post is about Coinbase not adding STEEM to the list and people are grouping together to comment their disapproval below the Coinbase’s announcement post.

Steemit Trending
Source: steemit.com

Let’s see if this changes anything.

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Sarim Mehmood

An electrical engineer to be. Sarim is a blockchain & crypto enthusiast and an early investor in ETH and Ethereum based projects. Email: sarim@blockpublisher.com or contact the editor at editor.opinions@blockpublisher.com

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