Coinbase has announced its plans of supporting a new set of digital assets which includes waves and 7 others.
The U.S. based platform which allows for buying and selling of cryptocurrencies announced Monday that it is exploring support for new digital assets. This set of assets, according to Coinbase, must be compliant with jurisdictional regulations and local laws. The assets in view include Waves, Ontology (ONT), Matic Network (MATIC), Harmony (ONE), DASH, Cosmos (ATOM), Algorand (ALGO) and Decred (DCR).
Coinbase is a digital currency exchange which has its headquarters in San Francisco, California. They broker exchanges of Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC) and Litecoin (LTC) with fiat currencies in around 32 countries globally, and bitcoin transactions and storage in about 190 countries worldwide.
As per the platform’s tweet relating to the development, Coinbase is taking this step in order to fulfill its mission of supporting all its customers desired assets which meet the platform’s standards and also comply with their respective local laws.
According to Coinbase,
Coinbase is exploring the addition of 8 new digital assets. It’s our goal to offer support for all assets that meet our standards and are compliant with local law.
As the platform didn’t give any more specific information as to when these assets will be supported on the platform, Coinbase informed its community of possibilities of local jurisdictional restrictions to one or more of the listed assets and future cancellation. The platform also takes the opportunity to inform the community of possible signs of engineering works which suggest potential support for any or all of the assets in question.
Promising it’s customers of future support for their cryptocurrencies of choice, Coinbase included that other asset not directly included in the present list may still qualify for support exploration and eventual platform support in the future.
Staff writer at Coingape. Certified cryptocurrency expert and Blockchain journalist covering crypto market analysis and general Blockchain adoption and development.
You can follow me on Twitter at @ShonubiDare or reach out to me at dare[at]coingape.com