Coinbase Exchange Platform Adds 8 new Digital Assets

Coinbase exchange platform announced that it is evaluating a new set of digital assets for listing on the platform. These are Waves, Ontology (ONT), Matic Network (MATIC), Harmony (ONE), DASH, Cosmos (ATOM), Algorand (ALGO) and Decred (DCR).

According to the announcement posted on the blog, Coinbase’s ambition is to empower its customers

“To have access to at least 90% of the total market cap of all digital assets in circulation.”

It has not been announced how long the evaluation process will take, but the US company wants to make sure

“Security, compliance and alignment of projects with our mission to create an international financial system.”

Eight new digital assets

Waves (WAVES) is a decentralized open source blockchain platform that allows anyone to create their own tokens. Currently, there are 27,928 custom tokens created on the Waves blockchain, and the company recently launched a new programming language called RIDE.

Matic Network and Harmony recently launched their IEOs on the Binance Launchpad.

Algorand achieved an independent ICO in June and managed to raise $ 60 million. Tether recently announced that it will issue USDT tokens on this blockchain as well.

Ontology launched last year as a provider of high-performance public blockchains. The network supports public blockchain systems, based on different protocols, which can be customized for different applications. In April, stable cryptocurrency Paxos announced it would issue approximately 100 million PAX tokens on this blockchain.

Dash is a private cryptocurrency derived from the Bitcoin blockchain, with a market cap of nearly $ 1 billion.

Cosmos (ATOM) is a blockchain designed to improve interoperability between other networks. The project was created in 2016 and subsequently raised $ 16 million in an ICO in 2017.

Decred (DCR) is a cryptocurrency that prioritizes decentralized governance and decision-making on the blockchain. The objective is a cryptocurrency that works autonomously, with improvements voted and implemented directly by the miners and the coin holders.

These eight tokens are already available on Binance, one of Coinbase’s most formidable rivals. The decision to expand its digital asset offering may mean that the Coinbase exchange platform is following the Binance model of diversifying the available tokens, which may result in increased trading volume on the platform.