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Coinbase considers adding support for eight new digital assets including Algorand and Dash

Tue, 06 Aug 2019, 12:04 pm UTC

Cryptocurrency exchange Coinbase has revealed that it is considering adding support for eight new crypto assets on its platform.

In an online post dated August 05, the exchange said that it is evaluating Algorand, Cosmos, Dash, Decred, Matic, Harmony, Ontology, and Waves against its Digital Asset Framework to assess factors such as security and compliance.

“Over time we expect our customers around the world will have access through Coinbase to at least 90% of the aggregate market cap of all digital assets in circulation,” Coinbase said.

The exchange further explained that its decision to support any asset requires significant technical and compliance review and may be subject to regulatory approval in some jurisdictions.

“As per our listing process, we will add new assets on a jurisdiction-by-jurisdiction basis, subject to applicable review and authorizations,” it added.

Coinbase released Digital Asset Framework for evaluating digital asset listings on its platform in November 2017. Last September, it announced a new asset listing process. Since then, Coinbase has added support for a number of digital assets including Stellar Lumens (XLM), XRP, Augur (REP), and others.

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