Cryptocurrency and ICO news 16.07.2018

Coinbase explores addition of several new assets

Coinbase announced that it is “exploring the addition of several new assets” and currently working with local banks and regulators to make them available in as many jurisdictions as possible.

Coinbase is looking to add Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC) and 0x (ZRX) onto its platform. They stated that these assets would require additional exploratory work given the nature of their architecture and they cannot make any guarantee that they will make their way to trading.

BAT and ZRX would be the first ERC-20 tokens to be supported on their platform. As we reported before, Coinbase announced its intentions to add Ethereum Classic (ETC) earlier. Given Ethereum Classics’s similar protocol architecture to that of Ethereum (ETH) it might be available for trading sooner than the other new assets.

Anyway, everything depends on regulatory and classification of mentioned tokens. Thus, Coinbase stated that “legal analysis is ongoing and will vary by jurisdiction. As we only plan to launch assets which are compliant with local law, some assets may only be available in specific jurisdictions.”

 

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