Coinbase is visioning to become the Stock Exchange of New York for crypto. It’s a significant thing not to be taken as simple. Adding a list of new digital assets is a clear indication of revamping the process.If you are not familiar with the exchange, know that presently it support only five digital currencies including Bitcoin, Ethereum, Bitcoin Cash, Litecoin and Ethereum Classic. All these are added gradually.
However, the company is expected to announce its future plans soon. The guess is that it will reduce the sending potential of a token skyrocketing. Nevertheless, Coinbase support offers a lot more!
According to Brian Amstrong, the CEO,
“It is not a sustainable fact if the company adds hundreds of currency token at once.”
Apparently, the concerns related to regulation of currencies required higher support through risks analysis and evaluation for adding more crypto-money. However, the company is excelerating the process by restricting a few token in some prime locations to ensure security.
Referring to the blog post of the company, it is clearly stated that it is going to adopt a process of adding an extensive list of crypto-assets that are aligned with local legal compliance. Therefore, the currencies will be added to meet the jurisdiction of the localities. It means that a few listings will be available for some period of time.
The industry experts are predicting that there will be two announcements of the company in a row presenting that “Token xyz is listing soon” and “Token xyz is now fully supported”. So, a lot more is coming soon!
Interestingly, there is an announcement of free listing also. This is something used by other exchanges to cover the cost and to accommodate more projects. Initially, no fee will be required for the application, but there will be operational cost.
Lastly, the company has opened its link for proposals. The future tellers are envisioning the Coinbase on the right track of success because many native token holders are going to associate with the company.