Coinbase announces addition of five new cryptocurrency, but it’s not exactly

Coinbase announces addition of five new cryptocurrency, but it’s not exactly

July 13, Coinbase has published in his blog that is exploring the possibility of adding five new cryptocurrency on their platforms.

We are talking about Cardano (ADA), Basic Token Attention (BAT), Stellar Lumens (XLM), zcash for (ZEC) and 0x (ZRX). In addition, Coinbase said it will hold talks with local regulators that the assets appeared in the largest possible number of jurisdictions.

In June, Coinbase announced that it will add Ethereum Classic (ETC), after which the price ETC has increased more than 25 percent. According to Coinbase, the process of adding ETC “goes to plan”.

Coinbase notes that in contrast to add ETC, which is technically akin to Ethereum (ETH), the new assets “will require additional work.” Therefore, they do not guarantee that all new assets are available for trading.

The company also warned that some of the assets that you can buy and sell with no possibility of transfer or receipt of funds from external (non-Coinbase) wallets:

We may also use certain ways of interaction with these assets through our website, such as support for deposits and withdrawals only with non-anonymous addresses zcash for. Finally, some of these assets may appear in other jurisdictions before they will appear in the United States.

The exchange stated that these assets require more detailed study and it is not known when they will appear on the platform. Coinbase further States that “some of these assets can be available everywhere, while others can only be supported in certain jurisdictions”.

Naturally, this news affected the prices of these cryptocurrencies. ADA and XLM rose more than 8 percent, while the ZEC, ZRX and BAT at 11, 15 and 22 percent, respectively.

Currently, Coinbase supports three cryptocurrencies: Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH) and Litecoin (LTC).

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