- Coinbase is working towards increased transparency and will use this blog post to disclose when a decision to list an asset has been made.
- The “Roadmap” section will be updated with the assets Coinbase has decided to list, and such updates will be announced on Coinbase’s official Twitter account.
In a strategic move towards creating more transparency, Coinbase has decided to use its blog as the platform for announcing asset listing decisions. This initiative is geared towards creating an environment of information symmetry for all its users, thereby making the cryptocurrency exchange process more streamlined and comprehensible.
Any updates regarding asset listings will be reflected in the “Roadmap” section of Coinbase’s blog. Users will be kept informed of these updates via Coinbase’s official Twitter account. It should be noted, however, that until an official listing announcement is made, transfers and trading of any assets are unsupported. Depositing these assets into a Coinbase account prior to an official listing may result in a permanent loss of funds.
Assets such as VeChain (VET) and VeThor (VTHO) have recently been slated for listing. This list, however, is not exhaustive and the absence of an asset from it does not automatically disqualify it from potential listing.
Assets added to the roadmap today: VeChain (VET) and VeThor (VTHO)https://t.co/rRB9d3hSr2
— Coinbase Assets 🛡️ (@CoinbaseAssets) June 22, 2023
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Coinbase has also initiated an “Experimental” label, which could be applied to newly listed assets. Some of the above-mentioned assets may bear this label upon their listing.
Despite these efforts to provide as much clarity as possible, there could be instances when an asset’s listing is either delayed or withdrawn due to various factors. Although every possible measure will be taken to minimize such occurrences, Coinbase maintains the right to discontinue this blog post.
The primary objective behind these listings, as explained during the Asset Hub launch, is to list as many assets as possible that comply with Coinbase’s legal, compliance, and technical security standards. Popularity or market cap do not influence these standards, which could result in certain assets not being listed on Coinbase.
If a popular asset is yet to be listed, it could be due to factors like non-compliance with listing standards, insufficient information about the asset, or the need for technical integration. Coinbase’s review process for these considerations is detailed further on its platform.
Coinbase is currently working towards supporting additional networks and ecosystems to offer its users a wider range of assets. The types of assets currently supported for trading on Coinbase include native assets on their own network, like ETH, and tokens adhering to a supported token standard, such as Ethereum ERC20, Solana SPL, and Avalanche ARC20.
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