Coinbase has become the latest company to join in on the DeFi craze by announcing potential listing 19 new digital assets on its platform.
According to the company's press release, popular DeFi protocols such as AMPL, Balancer, Curve, and WBTC could soon be added to Coinbase if they meet the exchange's rigorous compliance framework.
Coinbase, one of the largest and most heavily regulated cryptocurrency exchanges in the industry, has joined in on the DeFi craze and is considering adding many new projects to its platform.
According to the company's blog post, Coinbase is currently considering adding 19 new cryptocurrencies to its exchange platform.
While new additions are nothing new for an exchange of Coinbase's size, the fact that most of the coins it's considering adding the near future are DeFi tokens is news-worthy.
Projects such as Balancer, Curve, WBTC, AMPL, and tBTC could get listed on Coinbase if they manage to meet the company's technical standards and comply with applicable laws, the company said in its blog post.
DeFi tokens might soon benefit from the Coinbase effect.
Aside from the four previously mentioned projects, Coinbase is also considering listing Ampleforth, Band Protocol, Blockstack, Curve, Fetch.
This will be a temporary nuisance as the company works on introducing support for these assets, Coinbase said in the blog post.
Due to different regulations in various regions where Coinbase operates, all of the tokens that do get listed will roll out on a jurisdiction-by-jurisdiction basis.
Coinbase pushes DeFi narrative by considering listing Balancer, Curve, and AMPL
Published on Aug 1, 2020
by Cryptoslate | Published on Coinage
Factom Inc. 'Faces Liquidation' After Investors Refuse Request for More Funding
Factom Inc. has entered financial difficulties after an appeal for additional funding fell on deaf ears, according to its main investor.
Factom's Two Employees Press On Despite Investor's Call to Liquidate
After years of being unable to close a Series B, enterprise blockchain company Factom, Inc. slashed its staff from 10 to just two.
'Immunity Passports,' Darknet Pharma, Miners Prep for Halving
You're reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, and why they're significant.
Miners Trick Stablecoin Protocol PegNet, Turning $11 Into Almost $7M Hoard
Rogue miners submitted phony price data that tricked decentralized stablecoin network PegNet into turning a small wallet balance into a $6.7 million stash.