Coinbase pushes DeFi narrative by considering listing Balancer, Curve, and AMPL

Published on by Cryptoslate | Published on

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.