Coinbase Mulls Listing 17 Unlaunched Tokens
On Sep 08, 2020
Cryptocurrency exchange Coinbase is considering listing 17 as-yet un-launched tokens, among them Telegram’s TON, Chia, Dfinity, and Polkadot, as part of its goal to expose its customers to “at least ninety percent of the aggregate market cap of all digital assets.”
“Coinbase’s goal is to offer support for all assets that meet our technical standards and which comply with applicable laws,” said the firm in a blog post published Friday.
The exchange has recently begun to open up its listing process to various lower volume coins. The latest move develops on this—while previous listings have largely involved coins already operational on “other venues,” Coinbase is now exploring tokens yet to launch anywhere.
Traditional Financial Services Company
Other coins up for consideration include Avalanche, Celo, Coda, Filecoin, Handshake, Kadena, Mobilecoin, NEAR, Nervos, Oasis, Orchid, Solana, and Spacemesh. There is also an application form for coins unmentioned.
The exchange said it couldn’t guarantee which of these coins would be listed, and would be factoring in various technical and regulatory considerations.
Coinbase was previously more restrained in its listing process than other exchanges, and reportedly began to seek new listing opportunities at the behest of Balaji Srinivasan, who joined the firm in mid 2018 (and recently resigned).
According to The Information, Srinivasan pushed for a more “wild” mentality, clashing with Chief Operating Officer Asiff Hirji, who wanted the company to behave more like a “traditional financial services company.” Hirji has also since left the firm.