Coinbase to consider listing Balancer, tBTC, WBTC and 16 other crypto assets

The largest US cryptocurrency exchange, Coinbase, said it is examining the possibility of listing 19 crypto assets.

Coinbase is exploring the addition of 19 new digital assets, some are live, some are not. We will evaluate each against our Digital Asset Framework. It’s our goal to offer support for all assets that meet our standards and are compliant with local law. https://t.co/YY9pbMci66

— Coinbase (@coinbase) July 31, 2020

Among the candidates for listing are DeFi protocol tokens, Ethereum-backed coins, and other assets: Ampleforth, Band Protocol, Balancer, Blockstack, Curve, Fetch.ai, Flexacoin, Helium, Hedera Hashgraph, Kava, Melon, Ocean Protocol, Paxos Gold, Reserve Rights, tBTC, The Graph, THETA, UMA and WBTC.

The market capitalization of most of these assets is relatively modest — none of the coins under consideration ranks in CoinGecko’s Top 30.

Coinbase representatives stressed that they will continue researching new crypto assets. Over time, the company plans to cover ‘no less than 90% of the total market capitalization of all digital assets in circulation’.

The ‘Coinbase Effect’ — Holy Grail or a trap for crypto traders

Earlier, Coinbase added support for Algorand. The coin surged about 30% after listing.

Also, Coinbase CEO Brian Armstrong explained why the company has not added support for Monero (XMR).

Follow ForkLog news on Twitter!