Cryptocurrency & Blockchain Business

Coinbase is Exploring the addition of Cardano, Basic Attention, Stellar Lumens, Zcash, and 0x

Coinbase released a blog post teasing with 5 new possible additions to its trading platform.

Here’s what they said:

We are exploring the addition of several new assets, and will be working with local banks and regulators to add them in as many jurisdictions as possible.

Today we are announcing that we’re exploring the addition of the following assets to Coinbase:

  • Cardano (ADA)
  • Basic Attention Token (BAT)
  • Stellar Lumens (XLM)
  • Zcash (ZEC)
  • 0x (ZRX)

We are making this announcement internally at Coinbase and to the public at the same time to remain transparent with our customers about support for future assets.

Unlike the ongoing process of adding Ethereum Classic, which is technically very similar to Ethereum, these assets will require additional exploratory work and we cannot guarantee they will be listed for trading. Furthermore, our listing process may result in some of these assets being listed solely for customers to buy and sell, without the ability to send or receive using a local wallet. We may also only enable certain ways to interact with these assets through our site, such as supporting only deposits and withdrawals from transparent Zcash addresses. Finally, some of these assets may be offered in other jurisdictions prior to being listed in the US.

As part of the exploratory process, customers may see public-facing APIs and other signs that we are conducting engineering work to support these assets. While we cannot commit to when or whether these assets will become available at this time, we will provide updates to our customers about the process and what they can expect via the Coinbase blog and Twitter.

Going forward, you should expect that we will 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 jurisdiction.

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