Top US crypto exchange platform Coinbase added another altcoin to its listing roadmap, which puts the token on the path toward being listed on its burgeoning roster of tradable digtal assets.
Ethereum (ETH) rival and smart contract platform Hedera (HBAR), which is tailored for security and regulatory compliance, could potentially start trading on the exchange.
According to the project’s website, HBAR holders can use the token to pay for network fees or use it for staking.
HBAR is priced at $0.063 at time of writing. The 41st-ranked crypto asset by market cap is down more than 8% in the past 24 hours and over 25% from its August high of $0.084.
Coinbase created the roadmap this year to increase transparency and reduce the possibility of frontrunning their listing announcements.
Earlier this month, Coinbase CEO Brian Armstrong said the exchange aims to list as many crypto assets as possible, as long they meet the company’s standards.
“It’s kind of like Amazon or something like that where a product might have three stars or it might have five stars, but if it starts to get one star consistently, it’s probably fraudulent or defective or something and maybe Amazon will remove it. Otherwise, you want to let the market decide what these things are…
My belief is there’s gonna be millions of these assets over time, and so I hope it doesn’t make news every time we add one in the future, basically.”
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