Monday, January 30, 2023
No Result
View All Result
CONTACT
First Crypto News
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
No Result
View All Result
First Crypto News
No Result
View All Result

Coinbase to Advance Expansion Plan with Support for Eight New Digital Assets

by firstcryptonews
August 10, 2019
in News
Coinbase to Advance Expansion Plan with Support for Eight New Digital Assets

According to a post published on the Coinbase blog, the crypto services platform has announced that it is currently making plans to add support for eight new virtual assets.

This, according to the firm, is in line with a goal to give its many users extensive access to the larger part of the entire crypto market. The firm plans to give its customers “access through Coinbase to at least 90% of the aggregate market cap of all digital assets in circulation.”

The eight assets currently under review by Coinbase include Algorand, Cosmos, Dash, Decred, Matic, Harmony, Ontology and Waves.

Coinbase also mentions that users may start to notice certain pointers, like public-facing APIs, to the fact that the firm is doing some engineering work, as it prepares to support these assets.

The announcement, however, includes a disclaimer, explaining that authorization and compliance requirements could possibly prevent eventual support for one or more of the listed assets.

“Our decision to support any asset requires significant technical and compliance review and may be subject to regulatory approval in some jurisdictions. We therefore cannot guarantee whether or when any above-listed asset will be listed on a Coinbase product in any jurisdiction.”

Coinbase also states that it will continue to explore other options for expansion and as time goes on, based on authorization, there will be more assets added for review.

Coinbase Digital Asset Framework
Coinbase has an exhaustive outline – Digital Asset Framework – which it uses to guide its expansion process. Each asset to be considered for support will have to be appraised with the framework, to measure certain factors including compliance, security and how well it agrees with Coinbase’s own mission of financial inclusion.

Back in May, Coinbase officially extended its service to about 50 more countries, further launching support for the USDC in an additional 85 countries as well. This increased the number of countries supported by Coinbase to 103. At the time, the announcement said that the expansion to new jurisdictions sought to “improve the lives of people in countries where inflation is eroding wealth.”

Related Posts

Interest-Bearing Bonds-Backed Tokens: Generate yield using tokens backed by sovereign bonds

Interest-Bearing Bonds-Backed Tokens: Generate yield using tokens backed by sovereign bonds

by firstcryptonews
January 16, 2023
0

Vaduz, Liechtenstein. Decentralized Finance Innovator Mimo is launching “KUMA Protocol”: the first DeFi protocol issuing tokens backed by regulated NFTs, themselves...

The Connecter 4.0- The World’s First Decentralized Bottom-Up Economy

The Connecter 4.0- The World’s First Decentralized Bottom-Up Economy

by firstcryptonews
June 18, 2022
0

The Connecter is an entire decentralized platform comprising of 4 fundamental elements that together create an ecosystem- The Connecter banking,...

DX Cup – Soccer Metaverse

DX Cup – Soccer Metaverse

by firstcryptonews
March 31, 2022
0

Despite the varying geographical and political situations in different parts of the world, if there’s anything that has remained consistent...

KAZANO The currency that changes the market rules of the crypto in the world

KAZANO The currency that changes the market rules of the crypto in the world

by firstcryptonews
January 22, 2022
0

KAZANO Currency Brief Overview 1 What is the casino currency 2 What he came to solve 3 What market is...

unime

Why you’re a LOSER if you use Facebook!

by firstcryptonews
October 12, 2021
0

Facebook, Instagram and the widely-used WhatsApp messaging service all broke at the same time. Complete radio silence. The reason is...

Top Secure Encrypted Messaging Apps in 2021

Top Secure Encrypted Messaging Apps in 2021

by firstcryptonews
October 6, 2021
0

Are you using the secure messaging app? Specifically, one of those apps uses encrypted messaging. It will help you prevent...

Next Post
Market Wide Correction Sees Bitcoin Drop To $11,500 With Total Market Clinging Above $300 Billion

Market Wide Correction Sees Bitcoin Drop To $11,500 With Total Market Clinging Above $300 Billion

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Leading Utility Token YES WORLD hits a milestone of 1.5 million transactions, transaction volume coming from utility services

2 months ago
2022 TRON launches the latest cloud mining platform | The best withdrawal proof!

2022 TRON launches the latest cloud mining platform | The best withdrawal proof!

10 months ago
dappatoz

Dappatoz proudly presents DCASH. Learn more!

2 years ago
arno token

Art Nano(ARNO): The Secondary Energy Power Solution For Industries Using DeFi

2 years ago
With Libra Hearings Depicting Bitcoin As The Hero, What Can We Expect Next?

With Libra Hearings Depicting Bitcoin As The Hero, What Can We Expect Next?

4 years ago
Cardano’s Winning Streak Continues As ADA Overtakes Litecoin To Become Seventh-Largest Crypto

Cardano’s Winning Streak Continues As ADA Overtakes Litecoin To Become Seventh-Largest Crypto

3 years ago

First Crypto News

First Crypto News

First Crypto News is the Fastest Crypto News Portal. We Bring the Best and We Bring it Fast.

Bitcoin

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

June 21, 2021

Recent News

Interest-Bearing Bonds-Backed Tokens: Generate yield using tokens backed by sovereign bonds

Interest-Bearing Bonds-Backed Tokens: Generate yield using tokens backed by sovereign bonds

January 16, 2023

Press Release

A Newly Created DAO Aims at Building a Time Machine

A Newly Created DAO Aims at Building a Time Machine

January 30, 2023

© 2020 First Crypto News

No Result
View All Result
  • Home
  • World
  • Science
  • Tech

© 2020 First Crypto News