The world’s largest exchange by trading volume is changing its stance. Coinbase will begin to list more aLTCoins as it adopts a more ‘open-door’ process to coin applications. In a matter of weeks, we should see more Coinbase aLTCoins trading on the exchange.
To date, Coinbase lists just five cryptocurrencies: Bitcoin (available on Coinbase) (BTC), Bitcoin (available on Coinbase) Cash (BCH), Litecoin (available on Coinbase) (LTC), Ethereum (available on Coinbase) (ETH), and Ethereum (available on Coinbase) Classic (ETC). The exchange has been notoriously strict about supporting any other coins. For coins to make the cut, the exchange runs the decision by a bevy of lawyers and regulatory bodies first, and in its history, these five have been the only coins to make the grade.
Until yesterday.
A Change of Stance
Coinbase made the announcement yesterday that it is giving customers what they want by preparing to support a lot more coins. The cautious Californian firm has switched up its policy and will consider applications from new coins looking to be listed as new Coinbase aLTCoins. This new open-door policy means we are likely to see a horde of new aLTCoins feature on the exchange soon.
Once they are eligible for Coinbase’s listing criteria, of course.