Cryptocurrency exchange Coinbase currently supports Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, and Litecoin. In July, it has announced the exploring the addition of several new assets.
On September 26, Coinbase announced a new listing process.
“There are now thousands of digital assets of all types, including coins, tokens, forks, stablecoins, and collectibles. One of our top customer requests is to add support for these new assets, and we have been determining how to do this in a secure and compliant way for those assets meeting our standards”, – wrote Coinbase in its blog.
According to the announcement, a new process will allowthe exchange to rapidly list most digital assets that are compliant with local law, by satisfying listing requests in a jurisdiction-by-jurisdiction manner. In practice, this means some new assets listed on the platform may only be available to customers in select jurisdictions for a period of time.
The new process begins with a form for issuers to submit assets for listing at Coinbase, which the exchange will evaluate against its digital asset framework.
Initially there will be no application fee. Depending on the volume of submissions, Coinbase reserve the right to impose an application fee in the future to defray the legal and operational costs associated with evaluating and listing new assets.
“We believe this new listing process allows us to quickly add assets while remaining compliant with local law and continuing to offer our customers the safe, high-quality experience they have come to expect from Coinbase”, – wrote the exchange.