Over the years, cryptocurrency purchasing and trading platform Coinbase has become one of the biggest actors in the crypto exchanges industry. It has continued to develop and expand its activities worldwide and has gained popularity amongst the cryptocurrency investors. The reason why it is so popular is in part due to its ease of use and welcoming feel for beginners and experienced traders alike. With “only” five coins listed on the platform, it is one of the exchanges with the fewest assets available for purchase. However, this is about to change as the American giant announced a new system to list digital currencies on its website.
The issue that has been hitting Coinbase, compared to other exchanges, is the pace at which coins and tokens have been added. The company wants to change that and be able to make crypto-assets available for purchase faster. In its announcement, Coinbase explains that from now on token issuers (startups or companies that have a token and wish to list it on the platform) can make a request by filling a form. The team will then review the “application” and decide, according to their standards and regulatory framework, if it should be listed on the exchange or not. At first, there will be no fee for the issuer, but the announcement states there could be one in the future. Users will be able to see the coins listed depending on their location and the local law.
Now that Coinbase, arguably the most popular cryptocurrency exchange platform, has introduced this new system, we could see other exchanges follow the same path and allow issuers to request their coins or tokens to be listed. One can ask, how many new assets will be listed on Coinbase by the end of 2018? Will this make the platform even more popular and accessible to everyone who wishes to invest in crypto?
TLDR: Leading American cryptocurrency exchange Coinbase has released a statement announcing a new and improved system to list virtual currencies.