Coinbase Considering Over 100 Altcoins After Boosting Cardano and Enjin Coin
Crypto exchange Coinbase is contemplating adding support for more than 100 new crypto assets after recently enabling trading for Enjin (ENJ) and Cardano (ADA).
Gaming token ENJ and Cardano’s native asset ADA saw a significant price increase following their listing on the San Francisco-based firm’s trading platform. ENJ soared by 65% and ADA by 28% within 24 hours of the announcement.
In a new interview on CNBC, Coinbase CEO Brian Armstrong reveals that the exchange is adding more cryptocurrencies to its coin roster as he explains why people should invest in the company.
“We’re not tied to one particular crypto asset. We’re adding support for over 100 crypto assets now, and there’ll be more and more in the future.
You know we’re also kind of what you might call an indexed bet or a levered bet on the crypto space, more broadly because we’re kind of selling picks and shovels. We’re helping people access and use this to new technology, so I think we’re going to grow along with the crypto space.”
Coinbase already added eight new digital assets this year: ADA, Ethereum scaling solution Polygon (MATIC), layer-2 scaling solution Skale Network (SKL), decentralized exchange (DEX) SushiSwap (SUSHI), DEX aggregator 1inch, ENJ, peer-to-peer connectivity network NKN, and decentralized commerce and finance project Origin Protocol (OGN).
Of the assets that Coinbase has announced it is considering for its trading platform, nine are still under review.
- Aragon (ANT)
- Arweave (AR)
- DigiByte (DGB)
- Horizon (ZEN)
- Livepeer (LPT)
- KEEP Network (KEEP)
- Render Token (RNDR)
- Siacoin (SC)
- VeChain (VET)
For its custodial platform, Coinbase Custody, the exchange is still exploring the possibility of supporting 33 coins:
- Amp (AMP)
- Ampleforth (AMPL)
- Ankr (ANKR)
- ArCoin (ArCoin)
- Audius (AUDS)
- Barnbridge (BOND)
- BitTorrent Token (BTT)
- Centrifuge (RAD)
- Conflux Network (CFX)
- Curve (CRV)
- DFI.Money (YFII)
- Elrond eGold (EGLD)
- JUST (JST)
- JUST Stablecoin (USDJ)
- Meta (MTA)
- MovieBloc (MBL)
- mStable (MUSD)
- Neo (NEO)
- Nervos (CKB)
- Nexus Mutual (NXM)
- Ontology (ONT)
- Paxos Gold (PAXG)
- Paxos Standard (PAX)
- Reserve (RSV)
- Reserve Rights (RSR)
- Request Network (REQ)
- SUN Token (SUN)
- tBTC (TBTC)
- Terra (LUNA)
- Tron (TRX)
- VeChain (VET)
- WING (WING)
- WINK (WIN)
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/wacomka
The post Coinbase Considering Over 100 Altcoins After Boosting Cardano and Enjin Coin appeared first on The Daily Hodl.
Go to Source
Author: Daily Hodl Staff
