Industry golden child Coinbase has long been known for its forward-thinking, leading the cryptocurrency space to new heights over the past six years.\u00a0With an unexpected announcement made on Tuesday, the firm’s top brass still seems hell-bent on continuing to establish a new frontier in the context of this up and coming technology.<\/p>\n
On Tuesday afternoon, Coinbase, one of the most well-recognized startups in this budding industry, made an unexpected\u00a0announcement via Twitter<\/a>, revealing a newfangled listing process that will\u00a0undoubtedly revolutionize the inner workings of the firm. Prior to this announcement, the San Francisco-based company was very stringent when it came to listing assets, which is evident by the firm’s relatively small roster of supported cryptocurrencies \u2014 Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Ethereum Classic.<\/p>\n Moreover,\u00a0the details regarding the exact listing process of the aforementioned crypto assets were rather scant, even though the startup provided a so-called “Digital Asset Framework” that was aimed at providing some semblance of transparency to the listing process. But with this development, which was accompanied by a lengthy Medium post<\/a>, Coinbase revealed that it intends to “rapidly list most digital assets” through a listing process that will put crypto assets and their teams through the works, ensuring that prospective listees meet a set of requirements.<\/p>\n Explaining more about how exactly this would work, Coinbase explained that it will evaluate digital assets in a “jurisdiction-by-jurisdiction manner,” which means that certain assets will only be available to consumers within a certain\u00a0jurisdiction in accordance with local laws.\u00a0Surprisingly enough, it was explained that tokens which gain approval from Coinbase will not be initially required to pay an application fee, but Coinbase reserves the right to impose a fee if the need may arise in the future.<\/p>\n Elaborating on why this drastic move is taking place, the\u00a0blog post\u00a0highlighted\u00a0that current state of the\u00a0cryptosphere, pointing out that “there\u00a0are now thousands of digital assets of all types, including coins, tokens, forks, stablecoins, and collectibles,” alluding to the fact that the startup believes it is falling behind the curve, so to speak.<\/p>\n Starting on September 25th, projects looking to list their asset(s) on Coinbase’s expansive range of services and products<\/a> will (and should) be able to visit the recently-established Coinbase Listing landing page.<\/p>\n Capitalizing on the release of this news, Dan Romero, the vice president and general of manager of Coinbase, made a surprise appearance\u00a0on CNBC’s “Fast Money” to discuss this U-turn from a business standpoint.<\/p>\n .@Coinbase<\/a> just made a major announcement. Here's what it is. pic.twitter.com\/XUJaac0tWX<\/a><\/p>\n — CNBC's Fast Money (@CNBCFastMoney) September 25, 2018<\/a><\/p><\/blockquote>\nVP Dan Romero Speaks On New Offering<\/strong><\/h2>\n
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