Coinbase, one of the largest Bitcoin and altcoin exchanges, has updated its announcement for the coins it plans to list on its platform. Coinbase, which previously shared altcoins that could be listed for transparency, shared the latest list. Here are the details…
Coinbase has updated its altcoin listing announcement: there are 6 coins
Coinbase, one of the largest cryptocurrency exchanges, shared the coins planned to be listed on Coinbase in its latest update. However, it is worth noting that the coins on this list will not be supported for transfers or trading until officially announced. If you want to deposit these coins into your account before the official listing announcement is made, you may face permanent money loss. Also, there is no guarantee that Coinbase will list these coins. Here are the coins planned to be listed:
- ArcBlock (ABT): ArcBlock is a platform for building and deploying decentralized Blockchain applications. It advertises itself as a complete Blockchain 3.0 product platform to easily build, deploy and manage applications.
- Nest Protocol (NEST): NEST is a decentralized price oracle based on Ethereum.
- SuperRare (RARE): SuperRare is an NFT platform that has so far provided approximately $250 million in digital art and $3 million in artist royalties.
- SwftCoin (SWFTC): SwftCoin is a crypto that powers the SWFT Blockchain, the wallet, exchange and payment platform powered by Swftcoin (SWFTC), which allows users to buy, sell, pay and share hundreds of cryptocurrencies.
- Sylo (SYLO): Sylo is a decentralized communication and data exchange network powered by layer 2 (layer-2) micropayments infrastructure and SYLO token.
- TE-Food (TONE): TE-FOOD is a Blockchain-based food traceability solution. Its mission is to provide transparency in the food industry.
Why is Coinbase listing these assets?
So why is Coinbase planning to list these assets? For that, we need to take a look at Coinbase’s listing criteria. Coinbase seeks to list every possible asset that meets our legal, compliance, and technical security standards. The exchange uses the following expressions:
These standards do not take into account the market value or popularity of a project. This means there are assets that we conclude do not meet our standards and therefore will not be listed on Coinbase at this time.
As we have also reported as Kriptokoin.com, the largest US crypto exchange Coinbase cites the following items as the reason for not listing an asset:
- Concluding that the asset does not meet minimum listing standards for legal, compliance, and technical security.
- Not having enough information about the asset.
- Requirement of technical integration work.
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