Coinbase is one of the most renowned cryptocurrency exchange out there in the cryptocurrency world. In its open word, it strives to “create an open financial system for the world“. Cryptocurrency exchange should have support for more upcoming digital currencies. Coinbase has added a simplistic approach, and an easy process to add cryptocurrencies in the future.
Furthermore, Brian Armstrong, the founder of the cryptocurrency exchange stated this. He tweeted, “We’ve created a more streamlined way to get your asset listed on Coinbase. There will be millions of crypto assets in the future and they should all be easy to trade.”
How did the feature come in to place?
This has been one of the top most requested features, by the active user base of the cryptocurrency exchange. Furthermore, to appease its user base, Coinbase accepted the suggestion. They stated that they were finding secure ways, which also supported the current system, to further add new digital assets.
The cryptocurrency exchange tweeted the announcement. “Today we’re announcing a new listing process that will allow us to rapidly add most digital assets that meet our standards. Also the compliant with the local law, while providing our customers with the tools to discover, evaluate, trade, and use digital assets.”
The process starts with filling a form, by the creators of the digital asset. The creators are urged to apply for listing their digital asset on the exchange, only if it passes some criteria. They should apply only when their digital asset has passed a security and independent legal review.
The digital asset would further be tested on Coinbase’s digital asset framework. The application for applying for listing, is free of cost for now.
Coinbase aims to provide its customer will quality digital asset in the future. Furthermore, it will also provide educational articles for its user base to learn about these digital assets.