US-based crypto exchange Coinbase is set to expand its trading services offering with the possible listing of 17 digital currencies.
The expected list of the cryptocurrencies includes major unreleased coins including Telegram’s Gram, Polkadot, and Filecoin along with Avalanche, Celo, Chia, Coda, Dfinity, Handshake, Kadena, Mobilecoin, NEAR, Nervos, Oasis, Orchid, Solana, and Spacemesh.
“Today we’re announcing that we are exploring the addition of a range of new assets,” the crypto exchange added. “As part of the exploratory process customers may see public-facing APIs and other signs that we are conducting engineering work to potentially support these assets.”
Coinbase is actively increasing its listing as last month it revealed its plans to add another eight tokens in its offering. Finance Magnates yesterday reported that the exchange had listed Dash for trading on its retail trading platform.
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Currently, the retail trading platform of Coinbase lists Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, USD Coin, XRP, Stellar, Zcash, 0x, Litecoin, and the Basic Attention Token, along with dozens of tokens issued on these blockchains.
The exchange also detailed that it will scrutinize digital currencies which are yet to gain an exchange listing.
“We will continue to 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,” the exchange added.
No set timeline
Although the exchange intends to list the 17 digital currencies, it did not specify a timeline to do so and also clarified that the listings will be based on the local regulatory standards.
“Our decision to support any asset requires significant technical and compliance review and may be subject to regulatory approval in some jurisdictions,” Coinbase added. “We, therefore, cannot guarantee whether or when any above-listed asset will be listed on a Coinbase product in any jurisdiction.”