Coinbase is currently considering adding more than 40 new altcoins to its Coinbase Custody service. These assets will potentially be added for storage purposes only and will not be traded on the exchange itself.
Coinbase Custody offers custody services to institutional clients. These services are optimized to securely store large amounts of cryptocurrency assets and will likely support more assets than the Coinbase marketplace.
New assets must go through Coinbase's acceptance process, according to the announcement. During this research process, customers can view APIs that are open to the public or observe other technical processes through which Coinbase intends to implement future assets. While the Coinbase exchange itself does not know when new assets will become available through the Coinbase Custody service, it promised to immediately inform clients about this on Twitter.
This news appeared on the same day that Coinbase announced that it would add Ethereum Classic (ETC) to its list of trading products on August 7.
The following alcoins could potentially be added to the Coinbase Custody service: ERC20 tokens, Cardano, Zcash, Stellar Lumens, XRP, EOS, Monero, VeChain, Tezos, QTUM, Bytecoin, Bitcoin Gold, Decred, Bitshares, ICON, Ontology, Steem, Dogecoin, Siacoin, Wanchain, Nano, Telegram, Filecoin, TaTaTu, Dfinity, Blockstack, Basis, NEO, DASH, NEM, TrustToken, Hedera Hashgraph, Tokencard, Polkadot, Kik, Props, Origin and FOAM.
According to sludgefeed.com
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