Coinbase New Listing Process Opens Its Doors to Altcoins
Coinbase on Tuesday announced several key changes in its listing policy that will significantly increase its asset offerings.
Coinbase, a start-up based in San Francisco, has introduced a new feature that will see it list a growing number of digital assets alongside Bitcoin, such as Bitcoin Cash, Ethereum and Litecoin, that align with regulations in different countries.
Per the announcement, the new process refers only to digital assets that are compliant with the local law, which means that certain assets listed on the platform may only be available to customers in particular jurisdictions.
Issuers who want to submit tokens at Coinbase via the newly adopted process will have to use a special form, which will subsequently be evaluated by the exchange team against their digital asset framework.
Coins that are approved will be added without any listing fee, as is company policy. There will be legal and security barriers to overcome first, though, before any aspiring altcoins can be listed.
The changes will allow for hundreds, if not thousands, of digital assets to be added to the platform. For some perspective, the platform supports five currencies right now. These changes also will open up the Coinbase ecosystem to an exponentially broader pool of blockchain-based projects around the world.
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