Analysis: A majority of Coinbase's volume is still dominated by four assets, despite the exchange adding over a dozen new tokens

Coinbase’s strategy to list as many assets on its platform has been ambitious. Recently, the San Francisco-based exchange announced that it aims to list “at least 90% of the aggregate market cap of all digital assets in circulation,” for its users.

The firm’s strategy shift has been reportedly directed by Balaji Srinivasan, who, up until May of this year, was brought on to Coinbase as its CTO. While Coinbase has traditionally been a conservative exchange when deciding to list new assets, The Information reports that “Mr. Srinivasan wanted to be more like Binance and attract more retail investors to the platform.” Since bringing on Srinivasan, Coinbase has listed nearly a dozen new assets, including Civic and XRP.