Coinbase Effect Incoming? Crypto Exchange Lists Dash, Names 17 Altcoins Under Consideration
San Francisco-based digital asset exchange Coinbase says it’s currently exploring the addition of several new cryptocurrencies including Avalanche, Celo, Chia, Coda, Dfinity, Filecoin, Handshake, Kadena, Mobilecoin, NEAR, Nervos, Oasis, Orchid, Polkadot, Solana, Spacemesh and Telegram.
The exchange notes,
“[We aim] to offer support for all assets that meet our technical standards and which comply with applicable laws.
Over time we expect our customers around the world will have access through Coinbase platforms to at least 90% of the aggregate market cap of all digital assets in circulation.”
Coinbase’s management says it will be evaluating prospective crypto assets against its Digital Asset Framework, in order to assess factors such as compliance, security and each crypto project’s alignment with the company’s goal of developing an open financial system.
The exchange most recently added Dash to Coinbase.com after first introducing the privacy coin on Coinbase Pro. The listing appeared to have a short-term impact on price.
Data tracker CoinMarketCap reports that Dash rose from $97.98 on Thursday to a peak of $103.84. It is currently down 2.43%, trading at $97.31 at time of writing.
Dash (DASH) is launching at https://t.co/bCG11KveHS and in the iOS and Android apps within the next 15 minutes. You may need to update your app to properly buy, sell, convert, send, receive, or store DASH. We will update when DASH is fully live. https://t.co/ZLhqDLmQVD
— Coinbase (@coinbase) September 19, 2019
Coinbase says its decision to support new assets requires thorough technical and compliance review. New listings are subject to varying regulatory requirements in certain jurisdictions.
“We therefore cannot guarantee whether or when any above-listed asset will be listed on a Coinbase product in any jurisdiction.”