Coinbase Is Exploring The Addition Of Cardano, Basic Attention Token, Stellar Lumens, Zcash And 0x
Cryptocurrency exchange Coinbase has announced the addition of five new digital assets: Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), ZCash (ZEC) and 0x (ZRX).
Today we are announcing that we’re exploring the addition of the following assets to Coinbase: Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC) and 0x (ZRX). https://t.co/qoECyR0V1f
— Coinbase (@coinbase) July 13, 2018
As stressed in the official statement, the company also informed all its employees and the general public about the possible listing of the above-mentioned digital currencies. This is done to ensure maximum transparency of the process.
Nevertheless, the very fact of such an announcement, in the absence of guarantees of adding the mentioned assets, looks very unusual.
"Unlike Ethereum Classic, which is technically very similar to Ethereum, these assets require additional work and interaction with numerous third parties. Please note that we can not guarantee the listing of these assets, "Coinbase said in a statement.
It is also noted that their placement can take place only with partial support or only in certain jurisdictions. For example, some of the listed assets may become available first in other countries, and only then in the US, others may become available for bidding, but without the possibility of making deposits and withdrawals using Coinbase wallet.
In addition to Zcash, a restriction can be set that will allow translating this anonymously-oriented cryptocurrency only from transparent addresses.
Previously, Coinbase announced support for Ethereum Classic and ERC-20 tokens, confirming that it is doing the necessary work to add them.
In the meantime, the news spread by Coinbase had already influence on altcoins price. In the last tweet, cryptocurrency exchange Kraken posts about starting to consider the possibility of adding more than 1600 new coins, with a list of which can be found on CoinMarketCap.
Exciting and important revelation for the community today. Kraken has been contemplating the exploration of maybe adding over 1600 new coins, pending the outcome of our highly sophisticated review process. For a glimpse of the possibilities: https://t.co/dmfd5yr48s
— Kraken Exchange (@krakenfx) July 14, 2018
Nevertheless, the assets indicated in the announcement of Coinbase immediately showed positive dynamics, rapidly rising in price.
At the press-time, there is a certain correction, nevertheless, against the background of the general negative background on the cryptomarket, the growth of these five coins is quite remarkable.