Coinbase, which is the largest cryptocurrency exchange in the United States and one of the largest in the world is thinking about adding Cardano, Basic Attention Token, Ox, Zcash, and Stellar Lumens to its list of offered coins. It is not yet guaranteed that these assets will be added to the platform. In a blog post announcing the company’s decision, the representatives commented: “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”. The exchange also contemplates the possibility of listing the new coins and giving the users ability to only sell or buy them. Customers, in this case, will not be able to use the local wallets to store or transfer their holdings to each other.
Apparently, this might not be the only attempt of this kind of the exchange. The blog post also included a note on the future possibilities saying: “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 jurisdictions.” This is a great news for the holders of various cryptocurrencies that are not already listed on the exchange. Soon after the news, all five coins appreciated in value. As customers see an increased potential for trading a certain cryptocurrency, they assume that the demand could go up so they drive up the price. It is unclear if this price hike will be maintained and what will be the effects of Coinbase deciding not to put these coin on their platform.