Coinbase Adds More Ethereum Cryptos: Golem, Maker, Zilliqa, Dai ๐จ This article is 6 years old...
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Coinbase Adds More Ethereum Cryptos: Golem, Maker, Zilliqa, Dai
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Updated: Nov. 7, 2019 at 5:59 am UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Today, Coinbase has added four new Ethereum ERC20 tokens to Coinbase Pro: Golem (GNT), Maker (MKR), Zilliqa (ZIL), and Dai (DAI). The coins are available for trade in several major jurisidictions.
Coinbase announced in a blog post that the company is adding four new ERC20 tokens to its Coinbase Pro platform: Golem, Maker, Zilliqa, and Dai.
Coinbase is on a rampage for adding new tokens. After over a year of conservative additions to its Pro platform, the company has recently added a handful of new ERC20 coins, along with plans to release over thirty more.
For standard Coinbase users, Basic Attention Token (BAT), USD Coin (USDC), and 0x (ZRX) became available. Meanwhile, Coinbase Pro users got access to Civic (CVC), district0x (DNT), Loom Network (LOOM), and Decentraland (MANA).
Unfortunately, Coinbase does not support the native functions of many of these coins. Users cannot conduct rendering using Golem beta, engage with global settlements through DAI, or engage in Maker governance.
For those interested in picking up some of these new cryptocurrencies, the offerings are available in the US, Uk, EU, Canada, Singapore, and Australia.
Community Concerns
The new additions have raised some concern in the community. Previously, the company has been cautious to add new coins. The rapid addition of these new ERC20 tokens could expose the company to additional liability because of potential securities classification.
Another controversy is why Coinbase has chosen this particular order for token listings. Whether the process is random, or influence by other factors is subject to speculation.
Nonetheless, the expansion of Coinbase’s coin offerings will allow enthusiasts to access a broader range of cryptocurrencies, adding liquidity to the market and possibly even sparking additional adoption.
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Golem
$0.36030
Golem enables users and applications (requestors) to rent out cycles of other usersโ (providers) machines.
Maker
$1,646.66
Maker is a decentralized autonomous organization on the Ethereum blockchain seeking to minimize the price volatility of its own stable token โ the Dai โ against the IMFโs international currency basket SDR.
Zilliqa
$0.02091
Zilliqa is a new blockchain platform that is designed to scale in an open, permission-less distributed network securely.
Single Collateral DAI
$1.28634
Dai is a cryptocurrency that automatically reacts to emergent market conditions in order to stabilize its value against the major world currencies.
Basic Attention Token
$0.21450
Basic Attention Token (BAT) is an Ethereum-based token that improves the efficiency of digital advertising by creating a new unit of exchange between publishers, advertisers and users.
USD Coin
$0.99961
USD Coin (USDC) is a stablecoin fully backed by the US dollar and developed by the CENTRE consortium.
0x
$0.42987
0x is an open, permissionless protocol allowing for ERC20 tokens to be traded on the Ethereum blockchain..
Coinbase
Coinbase is a digital currency exchange and wallet service that allows individuals to buy, sell, and store digital currencies, such as Bitcoin, Ethereum, and Litecoin.