Coinbase pushes DeFi narrative by considering listing Balancer, Curve, and AMPL ๐จ This article is 4 years old...
Coinbase pushes DeFi narrative by considering listing Balancer, Curve, and AMPL
2 min read
Updated: Aug. 1, 2020 at 1:49 am UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Coinbase has become the latest company to join in on the DeFi craze by announcing potential listing 19 new digital assets on its platform. According to the companyโs press release, popular DeFi protocols such as AMPL, Balancer, Curve, and WBTC could soon be added to Coinbase if they meet the exchangeโs rigorous compliance framework.
More DeFi protocols could be coming to Coinbase
The incredible growth seen in the DeFi space has made the burgeoning new sector attractive to even the most conservative companies in the crypto industry. Coinbase, one of the largest and most heavily regulated cryptocurrency exchanges in the industry, has joined in on the DeFi craze and is considering adding many new projects to its platform.
According to the companyโs blog post, Coinbase is currently considering adding 19 new cryptocurrencies to its exchange platform. And while new additions are nothing new for an exchange of Coinbaseโs size, the fact that most of the coins itโs considering adding the near future are DeFi tokens is news-worthy.
Projects such as Balancer, Curve, WBTC, AMPL, and tBTC could get listed on Coinbase if they manage to meet the companyโs technical standards and comply with applicable laws, the company said in its blog post.
DeFi tokens might soon benefit from the Coinbase effect
Aside from the four previously mentioned projects, Coinbase is also considering listing Ampleforth, Band Protocol, Blockstack, Curve, Fetch.ai, Flexacoin, Helium, Hedera Hashgraph, Kava, Melon, Ocean Protocol, Paxos Gold, Reserve Rights, The Graph, THETA, and UMA.
All of these tokens could potentially benefit from the so-called โCoinbase Effect,โ in which cryptocurrency projects that get listed on the exchange experience a significant surge in growth immediately after trading opens.
While this could have a short-term negative impact, causing major volatility for the tokens, the projects could see long-term benefits from being listed on a platform as big and as well-regulated as Coinbase.
The company noted that some of its customers might start noticing public-facing APIs and other signs that engineering work was being done on the platform. This will be a temporary nuisance as the company works on introducing support for these assets, Coinbase said in the blog post.
Nonetheless, even if the company decides to list these projects, it might not be available to all of Coinbaseโs users. Due to different regulations in various regions where Coinbase operates, all of the tokens that do get listed will roll out on a jurisdiction-by-jurisdiction basis.
Mentioned in this article
Balancer 
Wrapped Bitcoin 
Ampleforth 
Band Protocol 
Stacks 
Flexacoin 
Helium 
Hedera 
Kava 
Enzyme 
Ocean Protocol 
PAX Gold 
Reserve Rights 
UMA 
Theta 
Coinbase 
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In this article
Balancer
$2.41506
Balancer is a non-custodial portfolio manager, liquidity provider, and price sensor..
Wrapped Bitcoin
$66,036.62
Wrapped Bitcoin delivers the power of Bitcoin with the flexibility of an ERC20 token.
Ampleforth
$1.21143
Ampleforth is a digital-asset-protocol for smart commodity-money.
Band Protocol
$1.31858
Band Protocol offers a decentralized data oracle by making data readily available to be queried on-chain, using delegated proof of stake (“dPoS”) to ensure data integrity.
Stacks
$1.91774
Stacks (formerly Blockstack) connects to Bitcoin, enabling you to build apps, smart contracts, and digital assets that are integrated with Bitcoin’s security, capital, and network.
Helium
$5.66883
Helium (HNT) is a blockchain-based cryptocurrency that powers the Helium Network, a decentralized wireless infrastructure designed to support Internet of Things (IoT) devices.
Hedera
$0.12313
The Hedera hashgraph platform provides a new form of distributed consensus; a way for people who don’t know or trust each other to securely collaborate and transact online without the need for a trusted intermediary.
Kava
$0.45848
Kava is a lightning-fast Layer-1 blockchain featuring a developer-optimized co-chain architecture that combines the two most used permissionless ecosystems – Ethereum and Cosmos – into a single, scalable, network.
Enzyme
$15.7600
Melon was rebranded and is now known as Enzyme Finance.ย It is a blockchain protocol for digital asset management built on the Ethereum platform..
Ocean Protocol
$0.54052
Ocean Protocol is a tokenized service layer that exposes data, storage, compute and algorithms for consumption with a set of deterministic proofs on availability and integrity that serve as verifiable service agreements.
Reserve Rights
$0.00773
Reserve is a stable, global currency (a stablecoin) and a digital payment system for people and businesses in countries with high inflation..
UMA
$2.57277
UMA is a decentralized financial contracts platform built to enable Universal Market Access.
Theta
$1.71335
Theta is a decentralized video delivery network, powered by users and an innovative new 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.
