The San-Francisco based cryptocurrency exchange Coinbase is currently one of the biggest in the industry. Today, the company announced in its official blog the new rules of launching digital assets on the platform. By now, Coinbase supported only top-trading coins such as Bitcoin, Bitcoin Cash, Ethereum Classic and Litecoin. From now on, the exchange plans to include not only other Altcoins in its listings but also, to change the rules of their addition.
The novelty comes with the extension of their official cryptocurrency list. It will now include the following:
- Cardano (ADA)
- Basic Attention Token (BAT)
- Stellar Lumens (XLM)
- Zcash (ZEC)
- 0x (ZRX)
These 5 new coins are certainly supported by the company and stated as a part of their exchange already. But besides that, Coinbase declares original approach to the dynamics of the crypto market. The firm is directly open to tokens and the interested parties could just apply to be listed on the platform.
The new process begins with a form for issuers to submit assets for listing at Coinbase, which we will evaluate against our digital asset framework. The application form and the digital asset framework will be regularly updated, and our form will indicate the latest version of the framework we are evaluating against.
The framework, underlines the company, will be available in ‘a jurisdiction-by-jurisdiction manner’, which means some tokens would be tradable for certain countries, where regulated, and for some – not.
However, the broker does not limit its assets to the application process but states that it keeps the right to add new ones if/ when approved or chosen by the company itself.
At our discretion, we may choose to list some assets on the basis of our own evaluation, even in the absence of an application. In other cases, we will attempt to give quick, specific reasons for the approval or rejection of particular assets.
Initially, the service would be free, and no application fees would be required. But with time, the announcement continues, the exchange might decide to enter fee demands, depending on the volume of received applications and the operational costs of listing digital assets.
However, that is a huge step for the exchange and the crypto traders, since from now on they would have the opportunity to find their favorite tokens easier.
If you feel like you have a coin to apply with, go straightly to listing.coinbase.com and list your new asset.