Coinbase:Exploring Support for New Digital Assets

In a blog note published on Monday, Coinbase has announced to explore the support of 8 new digital assets on its platform namely Algorand, Cosmos, Dash, Decred, Matic, Harmony, Ontology and Waves.

Offering support for all assets….

First of all, let’s remember that in July, the American firm started offering trading signals to help its clients optimize their investment strategy.

Like last week, she announced support for Tezos (TXZ) on its trading platform Coinbase Pro. On Monday, they said that they are exploring the addition of a range of new assets.

On the blog, it is said:

Coinbase’s goal is to offer support for all assets that meet our technical standards and which comply with applicable laws….To make this vision a reality, we evaluate prospective assets against our Digital Asset Framework to assess factors like security, compliance, and the project’s alignment with our mission of creating an open financial system for the world.

So there are 8 new cryptoactives announced by Coinbase: Algorand (ALGO), Cosmos (ATOM), Dash (DASH), Decred (DCR), Matic (MATIC), Harmony (ONE), Ontology (ONT) and Waves (WAVES).

The company’s press release concludes by explaining that these various altcoins have met the conditions of the Digital Asset Framework, and that they will probably soon be made available to its customers.However, Coinbase said it could not guarantee that the digital parts listed above would be added to Coinbase and listed in all regions of the world.

As coinbase explains:

Our decision to support any asset requires significant technical and compliance review and may be subject to regulatory approval in some jurisdictions. We therefore cannot guarantee whether or when any above-listed asset will be listed on a Coinbase product in any jurisdiction.

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