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Coinbase Exploring the Addition of Cardano, Basic Attention Token, Stellar Lumens, Zcash, and 0x Coinbase Exploring the Addition of Cardano, Basic Attention Token, Stellar Lumens, Zcash, and 0x
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Coinbase Exploring the Addition of Cardano, Basic Attention Token, Stellar Lumens, Zcash, and 0x

Coinbase Exploring the Addition of Cardano, Basic Attention Token, Stellar Lumens, Zcash, and 0x

Photo by Jonatan Pie on Unsplash

In an announcement July 13, 2018, Coinbase unveiled the possibility of listing new coins on its exchange, including Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC), and 0x (ZRX). Noticeably absent from the list is XRP.

When Coinbase listed Bitcoin Cash (BCH) in December 2017, the price spiked significantly. As a result, many accused Coinbase of insider trading.

In an effort to ensure transparency, Coinbase announced:

“We are making this announcement internally at Coinbase and to the public at the same time to remain transparent with our customers about support for future assets.”

One can only speculate that Coinbase is making an effort to avoid further allegations of insider trading.

Coinbase Announces Ethereum Classic Support
Related: Coinbase Announces Ethereum Classic Support

Coinbase noted that these assets will need further exploratory work, and their future listings are not guaranteed. It is also possible users will only be able to buy and sell, without being able to send or receive tokens using a local wallet.

Additionally, some of the assets may only be available in “other jurisdictions” before being offered in the United States. Coinbase has not officially stated when they will be listed, or whether any of the coins mentioned will be listed at all. However, they plan to provide updates about the process via the Coinbase blog and Twitter.

More information regarding the announcement, including a helpful Q&A, can be found on the official blog post.

Recent Price Hikes

Unsurprisingly, the cryptocurrencies listed in Coinbase’s announcement are up double-digit percentages.

It is important to remember that the listings are not guaranteedIt is clear that these price hikes are a result of the speculation surrounding a listing on Coinbase. If, for whatever reason, one or all of the tokens are not listed, expect to see a price retracement.

ZRX Price & Market Data

At the time of press, 0x Protocol is ranked #25 by market cap and the ZRX price is up 27.54% over the past 24 hours. ZRX has a market capitalization of $523.17 million with a 24-hour trading volume of $35.06 million. Learn more about ZRX ›

0x Protocol

7 Nov at 5:59 am UTC

$0.98

27.54%

ZRXUSD Chart by TradingView

Market summary

At the time of press, the global cryptocurrency market is valued at at $248.54 billion with a 24-hour volume of $12.42 billion. Bitcoin dominance is currently at 43.07%. Learn more ›

ADA Price & Market Data

At the time of press, Cardano is ranked #8 by market cap and the ADA price is up 11.57% over the past 24 hours. ADA has a market capitalization of $3.61 billion with a 24-hour trading volume of $84.57 million. Learn more about ADA ›

Cardano

7 Nov at 5:59 am UTC

$0.14

11.57%

ADAUSD Chart by TradingView

Market summary

At the time of press, the global cryptocurrency market is valued at at $248.54 billion with a 24-hour volume of $12.42 billion. Bitcoin dominance is currently at 43.07%. Learn more ›

BAT Price & Market Data

At the time of press, Basic Attention Token is ranked #38 by market cap and the BAT price is up 20.6% over the past 24 hours. BAT has a market capitalization of $322.71 million with a 24-hour trading volume of $14.41 million. Learn more about BAT ›

Basic Attention Token

7 Nov at 5:59 am UTC

$0.32

20.6%

BATUSD Chart by TradingView

Market summary

At the time of press, the global cryptocurrency market is valued at at $248.54 billion with a 24-hour volume of $12.42 billion. Bitcoin dominance is currently at 43.07%. Learn more ›

ZEC Price & Market Data

At the time of press, Zcash is ranked #21 by market cap and the ZEC price is up 16.27% over the past 24 hours. ZEC has a market capitalization of $777.04 million with a 24-hour trading volume of $86.62 million. Learn more about ZEC ›

Zcash

7 Nov at 5:59 am UTC

$178.76

16.27%

ZECUSD Chart by TradingView

Market summary

At the time of press, the global cryptocurrency market is valued at at $248.54 billion with a 24-hour volume of $12.42 billion. Bitcoin dominance is currently at 43.07%. Learn more ›

XLM Price & Market Data

At the time of press, Stellar is ranked #7 by market cap and the XLM price is up 10.21% over the past 24 hours. XLM has a market capitalization of $3.78 billion with a 24-hour trading volume of $46.75 million. Learn more about XLM ›

Stellar

7 Nov at 5:59 am UTC

$0.20

10.21%

XLMUSD Chart by TradingView

Market summary

At the time of press, the global cryptocurrency market is valued at at $248.54 billion with a 24-hour volume of $12.42 billion. Bitcoin dominance is currently at 43.07%. Learn more ›