Coinbase has revealed that it is now examining 29 more digital currencies including Ripple, on top of the previously disclosed Cardano and Stellar. This brings the total number of coins the company is now exploring to 31.
California-based Coinbase has announced in September its plans to “rapidly list” any “digital assets that are compliant with local law.” The crypto exchange has now unveiled a number of new altcoins that the company is “exploring” for possible listing in the future.
Although Coinbase indicates that the company “cannot guarantee” that all assets will be listed on Coinbase and Coinbase Pro for trading, the crypto exchange wants to provide its users “access to greater than 90% of all compliant digital assets by market cap,” beginning with “Cardano (ADA), Aeternity (AE), Aragon (ANT), Bread Wallet (BRD), Civic (CVC), Dai (DAI), district0x (DNT), EnjinCoin (ENJ), EOS (EOS), Golem Network (GNT), IOST (IOST), Kin (KIN), Kyber Network (KNC), ChainLink (LINK), Loom Network (LOOM), Loopring (LRC), Decentraland (MANA), Mainframe (MFT), Maker (MKR), NEO (NEO), OmiseGo (OMG), Po.et (POE), QuarkChain (QKC), Augur (REP), Request Network (REQ), Status (SNT), Storj (STORJ), Stellar (XLM), Ripple (XRP), Tezos (XTZ), and Zilliqa (ZIL).”
However, Coinbase warns that “customers may see public-facing APIs and other signs that we are conducting engineering work to potentially support these assets,” in a bid to quash any possible rumors. The crypto exchange further states that the announcement is not a confirmation that any assets are being listed adding that Coinbase will be giving updates on its official channels.
Coinbase also claims to anticipate “similar announcements about exploring the addition of multiple assets” in the future. When Coinbase last announced a list of altcoins, it included the altcoins Basic Attention Token (BAT), Cardano (ADA), 0x (ZRX), Stellar (XLM), and ZCash (ZEC). From this batch, Coinbase has listed three out of the five altcoins, first with 0x, then BAT, and Zcash as the most recent.
Ripple’s XRP token is one of the most significant additions in the list of new tokens. Coinbase has previously listed numerous tokens belonging in the top ten (based on market cap) but has curiously overlooked Ripple, the number two crypto. Speculations indicate that the crypto exchange may be trying to avoid XRP because of concerns that it is not adequately centralized, which may possibly render it a security under U.S. laws.