Coinbase Considers Adding 31 More Crypto Assets, Including Ripple

By Adrian Cruce

Coinbase just announced the fact that it is now exploring 29 extra cryptocurrencies, together with Stellar and Cardano. This does include Ripple.

In the month of September we saw Coinbase declaring that it wants to rapidly list the “digital assets that are compliant with local law.” This now turned into reality thanks to an official post.

Coinbase did highlight the fact that it is impossible to guarantee the fact that every single one of the 31 assets are going to be listed and available for training through both Coinbase and Coinbase Pro. However, the company is clearly interested in having available as much as possible, with the official goal being over 90% of the compliant digital assets, based on market cap.

The altcoins that are now being analyzed are:

  • Cardano (ADA)
  • Aeternity (AE)
  • Aragon (ANT)
  • Bread Wallet (BRD)
  • Civic (CVC)
  • Dai (DAI)
  • district0x (DNT)
  • EnjinCoin (ENJ)
  • EOS (EOS)
  • Golem Network (GNT)
  • Kin (KIN)
  • Kyber Network (KNC)
  • ChainLink (LINK)
  • Loom Network (LOOM)
  • Loopring (LRC)
  • Decentraland (MANA)
  • Mainframe (MFT)
  • Maker (MKR)
  • NEO (NEO)
  • OmiseGo (OMG)
  • et (POE)
  • QuarkChain (QKC)
  • Augur (REP)
  • Request Network (REQ)
  • Status (SNT)
  • Storj (STORJ)
  • Stellar (XLM)
  • Ripple (XRP)
  • Tezos (XTZ)
  • Zilliqa (ZIL)

Coinbase went on to declare that people should expect:

similar announcements about exploring the addition of multiple assets.

Ripple is of particular interest at the moment. It is interesting that it was added since Coinbase did talk about the top 10 cryptocurrencies based on market cap in the past. XRP was always present but was never mentioned. Ripple is now the number 2 crypto based on market cap.

According to speculators, Coinbase did not list XRP because there were concerns about centralization. This can turn Ripple into security according to US law.

In the month of April, there were sources that claimed Ripple offered Coinbase a loan of $100 million XRP tokens in order to allow its users to start trading the asset. Ripple was said to agree to allow the exchange giant to pay back its loan in USD, thus allowing Coinbase to profit if Ripple value increased.

In the event that XRP is listed by Coinbase, many investors will see it as safe, with fear that it could be considered as being a security automatically reduced.