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Coinbase announced that it plans a possible addition of 17 new cryptos to its platform including Telegram provided that the assets meet set technical standards and comply with applicable laws.
In the latest blog post announcement, Coinbase highlighted a possible addition of 17 new cryptos to its platform including Telegram. As part of the exploratory process, users may see public-facing APIs and other signs that the exchange is conducting engineering work to potentially support these assets.
According to that post from the exchange, Coinbase plans to add Dfinity, Filecoin, Handshake, Avalanche, Celo, Chia, Coda, Nervos, Oasis, Orchid, Kadena, Mobilecoin, Near, Solana, Spacemesh, Polkadot, and Telegram.
To date, Coinbase explores support for assets that are already live and available for trading on other venues. In this case, some of the coins like telegram are not yet live. Telegram only just unveiled its Telegram Open Network (TON) testnet explorer and node software on its website. Nevertheless, so far it has not distributed its network’s native token, GRAM, which will happen two months from now.
Currently, the exchange announced its intention to explore assets that are yet to be launched and which it may decide to support in the future.
Coinbase continues to evaluate prospective assets against its Digital Asset Framework to assess factors like security and compliance. They also aim to assess the project’s alignment with its mission of developing an open financial system for the world. Currently, Coinbase’s non-pro platform lists Zcash (ZEC), 0x (ZRX), Litecoin (LTC), Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), USD Coin (USDC), XRP, Stellar (XLM), Ethereum Classic (ETC), and the Basic Attention Token (BAT).
Earlier in the week, cryptocurrency Dash was included in the Coinbase Pro listing after an investigative period. Coinbase revised its listing criteria around a year ago. In that revision, it said that listing announcements will appear more often. The 17 new cryptos follow up on 8 considerations from August.
Even if the cryptos are added, the listings majorly depend on jurisdictional compliance and regulatory approvals. The decision by Coinbase to support Telegram and these other tokens need considerable technical and compliance review. Thus, Coinbase cannot currently guarantee whether or when any of these assets will appear in any jurisdiction.
As per their listing process, the exchange will add new assets on a jurisdiction-by-jurisdiction basis.