Coinbase exploring support for over 30 new cryptocurrencies

Coinbase announced today that it is working with local banks and regulators to explore the addition of 31 new cryptocurrencies on its exchange. Some notable additions include Maker, XRP, and EOS. According to Coinbase "adding new assets requires significant exploratory work from both a technical and compliance standpoint," and that the exchange "cannot guarantee that all the assets we are evaluating will ultimately be listed for trading." Coinbase also added that some assets may be listed solely for customers to buy and sell, without the ability to send and receive using third-party wallets. Most recently, Coinbase added BAT, ZEC, and ZRX. (Source: Coinbase)

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Steven Zheng is a researcher for The Block. He joined The Block in August 2018. Steven graduated from St. John’s University with a degree in economics. Previously, he covered blockchain and crypto at Radicle, a startup analytics firm. He also had brief stints at Cheddar, a media startup, and Bowery Capital, a venture capital firm. He owns bitcoin. Follow Steven on Twitter at: @Dogetoshi

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