Coinbase may list Aave, Bancor, Ren, Vechain, Synthetix and 13 other cryptocurrencies 🚨 This article is 4 years old...
Coinbase may list Aave, Bancor, Ren, Vechain, Synthetix and 13 other cryptocurrencies
2 min read
Updated: Jun. 12, 2020 at 3:13 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Coinbase is currently exploring the addition of 18 new digital assets, which include DeFi tokens such as Aave, Bancor, Ren, VeChain, Aragon, and DigiByte. The company said that its users could expect more announcements like this in the near future as most of the tokens it mentioned showed growth between 8 and 25 percent in the past several hours.
Coinbase mulls expanding the list of tokens it supports
One of the largest cryptocurrency exchanges in the U.S., Coinbase, could be adding a significant number of new tokens to its platform, a move that would enable the company to grab an even bigger part of the U.S. market.
According to the company’s announcement, Coinbase is exploring the addition “of a range of new assets,” which include 18 DeFi tokens. The announcement warned users that the “exploratory” process required to list such tokens could result in public-facing APIs and other signs of engineering work being done on the platform.
The new assets include Aave, Aragon, Arweave, Bancor, COMP, DigiByte, Horizen, Livepeer, NuCypher, Numeraire, KEEP Network, Origin Protocol, Ren, Render Network, Siacoin, SKALE Network, Synthetix, and VeChain.
No indication as to when a new asset will be added
While the possibility of these DeFi tokens being listed on Coinbase has certainly affected the market, will all of the 18 mentioned tokens growing between 8 and 25 percent in the light of the news, the company said that it was still uncertain whether they would get listed at all.
Listing tokens requires significant technical and compliance review, as well as regulatory approval in many U.S. states, Coinbase said. Therefore, the company can’t guarantee when any of the mentioned coins would be listed and whether they would be listed at all.
However, if any of these tokens are to be listed, it would happen on a jurisdiction-by-jurisdictions basis, in line with Coinbase’s listing process. The fact that only 18 tokens were mentioned in the announcement doesn’t mean the company will be focusing only on them in the process, it said in the announcement.
“Our customers can expect Coinbase to make future, similar announcements as we continue to explore the addition of numerous assets across the platform.”
Update at 2:10 PM GMT (June 12, 2020) : Added link for Render Network
Mentioned in this article
VeChain 
Aragon 
Bancor 
Arweave 
DigiByte 
Horizen 
Origin Protocol 
Keep Network 
Synthetix 
Siacoin 
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VeChain is an enterprise-focused blockchain ecosystem that aims to enhance supply chain management by connecting blockchain technology with the real world through ‘a comprehensive governance structure, a robust economic model, and advanced IoT integration’.
Aragon
$7.97718
Aragon builds flexible and secure tools that enable anyone to launch and manage Decentralized Autonomous Organizations (DAOs).
Bancor
$0.71562
Bancor allows anyone to easily create completely liquid “smart tokens” that calculate their own prices and enable a single party to convert any token to another, without requiring a second party to exchange with..
DigiByte
$0.01202
DigiByte (DGB) is a UTXO PoW based blockchain with a focus on cybersecurity, digiassets, payments, and secure communications technologies.The DigiByte blockchain was developed in 2013 and released in January 2014 by Jared Tate (Creator & Founder of DigiByte) with an open-source protocol..
Horizen
$8.91826
Horizen is an inclusive ecosystem where everyone is empowered and rewarded for their contributions.
Keep Network
$0.16892
Keep is building infrastructure for autonomous private data on public blockchains, DApps, and DAOs.
Synthetix
$2.94434
Synthetix, formerly Havven, is a cryptoasset-backed network that enables the creation of on-chain synthetic assets.
Siacoin
$0.00752
Sia is a decentralized data storage platform that revolutionizes cloud storage by creating a trustless marketplace for direct transactions between buyers and sellers.
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.