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Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
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Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Coinbase Exploring Support for 31 More Crypto Assets, Ripple Included

Tony "The Bull" Severino
Tony "The Bull" Severino
6 years ago
4 mins read

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Coinbase has announced that is exploring an additional 29 cryptocurrencies including Ripple, in addition to the previously announced Cardano and Stellar, bringing the total coins the firm is exploring to 31 in total.

Coinbase Explores 29 More Altcoins In Addition to Cardano and Stellar

Back in September, Coinbase announced its ambitious goal to “rapidly list” any “digital assets that are compliant with local law.” Now, the San Francisco-based cryptocurrency giant is staying true to that word and has revealed a variety of new altcoins that the firm is “exploring” support for to potentially list in the future.

Related Reading | Coinbase To Be Valued at $8 Billion After $500M Investment

While Coinbase is quick to point out that they “cannot guarantee” all of the assets will eventually be listed for trading on Coinbase and Coinbase Pro, the current crypto kingpin aims to offer its clients “access to greater than 90% of all compliant digital assets by market cap,” starting with the following altcoins:

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

Seeking to curb any rumors before they start to fester, Coinbase cautions that “customers may see public-facing APIs and other signs that we are conducting engineering work to potentially support these assets,” and that these signs shouldn’t be taken as confirmation that any assets are being listed, and that Coinbase will provide updates through its official channels.

Coinbase also says to expect “similar announcements about exploring the addition of multiple assets” in the future. The last time Coinbase revealed a list of altcoins they were exploring, it was a batch of five altcoins including Basic Attention Token (BAT), Cardano (ADA), 0x (ZRX), Stellar (XLM), and ZCash (ZEC). Of those five, Coinbase has listed three, starting with 0x, followed by BAT, and most recently Zcash.

XRP May Finally Be Listed on Coinbase

Of the list of new tokens, among the most interesting inclusions is Ripple’s XRP token. Coinbase has long listed many of the tokens in the top ten cryptocurrencies by market cap, but have oddly omitted the current number two crypto, Ripple. Speculators suggest that Coinbase may have avoided listing XRP over concerns it may not be sufficiently centralized, which could make it a security under U.S. law.

Related Reading | Ripple Rumors on Coinbase Swell

Back in April, anonymous sources claimed that Ripple had offered to lend Coinbase $100 million in XRP tokens to let users begin trading the asset, and were even willing to allow Coinbase to pay back the loan in dollars, letting Coinbase profit on the loan if the value of Ripple increased.

Given Coinbase’s full compliance with U.S. regulators, should XRP be listed it could be viewed as a green light for investors to safely hold the asset without fear of it being deemed a security.

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Tony "The Bull" Severino
Tony "The Bull" Severino

Tony "The Bull" Severino

Tony "The Bull" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market.
A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony’s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements.

Read more

Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions.

In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony’s expertise to guide their trading strategies.

Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies.

Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders.
His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics.

Tony’s nickname, "The Bull," aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice.

In summary, Tony "The Bull" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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