Coinbase announced in September its goal to offer support for all assets that meet their standards and are fully compliant with local law. Over time, they intend to offer their customers access to greater than 90% of all compliant digital assets by market cap. To make this vision a reality, Coinbase evaluated prospective assets against their Digital Asset Framework to assess factors like security, compliance, and the project’s alignment with our mission of creating an open financial system for the world.
Digital assets that Coinbase is exploring
Towards that end, Coinbase is exploring a broad range of assets which include, in alphabetical order by symbol: Cardano (ADA), Aeternity (AE), Aragon (ANT), Bread Wallet (BRD), Civic (CVC), Dai (DAI), district0x (DNT), EnjinCoin (ENJ), EOS (EOS), Golem Network (GNT), IOST (IOST), Kin (KIN), Kyber Network (KNC), ChainLink (LINK), Loom Network (LOOM), Loopring (LRC), Decentraland (MANA), Mainframe (MFT), Maker (MKR), NEO (NEO), OmiseGo (OMG), Po.et (POE), QuarkChain (QKC), Augur (REP), Request Network (REQ), Status (SNT), Storj (STORJ), Stellar (XLM), XRP (XRP), Tezos (XTZ), and Zilliqa (ZIL).
Adding new assets requires significant exploratory work from both a technical and compliance standpoint. As per Coinbase’s listing process, they will add new assets on a jurisdiction-by-jurisdiction basis, which allows them to add assets efficiently and responsibly.
As context, earlier this year Coinbase made a similar announcement that published their intention to explore five new assets, as well as the general class of ERC20 tokens. They have added support for three of the assets described in that post (BAT, ZEC, ZRX) and continue to evaluate the others, along with a number of ERC-20 tokens.
As part of the exploratory process, customers may see public-facing APIs and other signs that Coinbase is conducting engineering work to potentially support these assets.
Going forward, we can expect Coinbase to make similar announcements about exploring the addition of multiple assets. Some of these assets may become available everywhere, while others may only be supported in specific jurisdictions.