Coinbase Announcements: 31 New Potential Coin Listings and PayPal Support

Coinbase Announcements: 31 New Potential Coin Listings and PayPal Support

For the month of December, Coinbase issued more than two announcements showing they are holding up well to the fast rate the crypto market and its participants are maturing. The first announcement tells of their continuing exploration for potential digital assets to add and then there is PayPal withdrawals support (which only covers US-based users)

The Potential 31 are (in alphabetical order):

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

Coinbase is aiming to make their platform the avenue where users can access more than, by market capitalization, 90% of digital assets which are in regulatory compliance. Evaluation is done based on Coinbase’s Digital Asset Framework where aspects of the tokens, such as its compliance, security, and the objective for fostering an open financial system, are considered.

Mixed Responses from the Community

This announcement from the exchange has amassed an assortment of opinion from its general community. Some are speculative and unhappy, whilst some are more hopeful.

Through this potential new coin listings, Coinbase is showing they can be adaptable to the evolving cryptocurrency market, as well as its participants, that is maturing fast. But according to Bitcoin Exchange Guide, this possible move may create consequences in the market.

The ‘Coinbase Effect’, which is termed by the news outlet, where token prices see an upswing when the exchange issues their support for that particular token. This can negatively affect the price of the coin which the exchange decides to reject. Due to this, the exchange could tread on the lines of market manipulation. Another uneasy matter dabbles with insider trading, where the exchange’s employees have advance knowledge on listing and choosing to purchase before any official announcements are made.

PayPal Withdrawal Support

For its 12 days of Christmas Coinbase offers new features, including support for new cryptocurrencies. This event began on 10 December until 21 December.

Coinbase has a new solution making for fast and smooth crypto-to-fiat transactions. On 14 December the exchange announced their Paypal support surprise. Withdrawals can be made by transferring the funds from the Coinbase Wallet to PayPal. Users from the US can connect their Coinbase accounts with their PayPal accounts and click on Paypal as their choice for withdrawals. Withdrawing funds will not incur any fees, according to Coinbase.

The exchange is continuing on to offer new products and implement new support to keep growing together with the market. At the beginning of this month, Coinbase makes known its intention to give users more control over their data management and launched their own over-the-counter trading desk.

Related news

Adam Draper, Crypto Mainstay, Discusses How Coinbase Will Impact the Bitcoin Ecosystem

The mainstream implementation of the crypto industry has been constantly brought up in the news over the last few years. The goal of the proponents of the market appears to be the assurance that the digital assets will find their place in the economy, while explaining the origins of the crypto space’s foundation. This subject […]
Bitcoin Exchange Guide

Bitcoin [BTC] proponent Adam Draper talks about Coinbase investment and its impacts on the cryptocurrency market

The proponents of the cryptocurrency market have been in the news multiple times to assure users that digital assets will be integrated into the workings of daily life as well as explain the origins of what is considered as a foundation in the cryptocurrency space right now. This was the point in focus during the discussion between Anthony Pompliano, the Founder of the Morgan Creek Digital Capital and Adam Draper, the Managing Director of BoostVC and one of the first investors in Coinbase. Adam Draper was of the opinion that most cryptocurrency start-ups have no idea who the end customer is and that affects the scale at which companies can grow. He further added that the breakdown in details can show companies how far they have come and then stake the claim for mass adoption. He added: “When I first started investing and building companies, I realized that the Securities and Exchange Commission only care about regulations if we make money off a service. That is why I made a platform that would match Venture Capitalists with entrepreneurs.“ Pomp also questioned Draper on his experience in the world of cryptocurrencies before his investment in Coinbase and after his venture into the Brian Armstrong led company. Draper stated: “ I will be very honest with you, before Coinbase happened I had no experience in crypto at all. What happened was I got sent a list of companies for investments and out of that one said ‘marketplace of digital currencies’ and I had no idea what that was. After this I wrote a mail to Brian sounding better than I was.” During the discussion, Draper talked about the reason why he invested in Coinbase, which is the largest cryptocurrency exchange in terms of users. The BoostVC founder stated that Brian Armstrong’s comment that “at some point, the entire world is going to run on a single infrastructure” was mind-boggling and intriguing. He further stated: “Brian told me Coinbase would be to crypto what Netscape was to the internet. After my discussions with him, I talked to many other people in the crypto space which included Bill Barhydt who later went on to become the founder of Abra.” The post Bitcoin [BTC] proponent Adam Draper talks about Coinbase investment and its impacts on the cryptocurrency market appeared first on AMBCrypto.
AMBCrypto

Massive Investment From PayPal Leads Mercado Livre To Ban Cryptocurrency Listings

Massive Investment From PayPal Leads Mercado Livre To Ban Cryptocurrency Listings Mercado Livre is the largest Latin American marketplace for e-commerce, based on the number of visitors alone. They recently were the benefactor of $750 million in investments from PayPal, but that is not the action that is getting the most attention. Instead, Mercado Livre […]
Bitcoin Exchange Guide

Hot news

By continuing to browse, you agree to the use of cookies. Read Privacy Policy to know more or withdraw your consent.