Coinbase is exploring the possibility to add support for a new list of eight coins, including that is currently the 15th largest cryptocurrency by market cap.
Up for consideration as potential new additions, according to Coinbase, are Algorand, Cosmos, Dash, Decred, Matic, Harmony, Ontology and Waves.
In its official blog post, the major US-based crypto exchange added that it can’t guarantee any of the assets mentioned will find a permanent place on its platforms.
Still, the coins up for review were surging, with Dash up nearly 5% at $112.77, Decred and Ontology were trading nearly 6% higher at $29.94 and $1.01 respectively.
said that it is working with local banks and to make these new cryptocurrencies available for its customers in as many jurisdictions as possible, saying the process often requires “significant exploratory work from both a technical and compliance standpoint.”
Coinbase further sheds light on new listings
The latest addition as the popular San Francisco exchange crafted a new asset listing policy earlier last year after getting itself into hot water when it began listing new coins on its platform. Coinbase said it took measures to ensure insiders did not have an early opportunity to trade on the news.
Coinbase was dogged by allegations of insider trading in late 2017 after it listed Bitcoin Cash, the Bitcoin fork. Since then, the exchange shed light around its policy by making listing announcements internally and to the public at the same time to remain transparent with its customers about support for future assets.