Coinbase Announces Five Possible New Assets, Makes No Guarantees For Trade Listing

San Francisco-based cryptocurrency exchange Coinbase has announced that it is examining the addition of five new coins, according to a blog post published July 13.

The trading platform is exploring the possibility of adding new assets to its trading lists, including Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC), and 0x (ZRX). Additionally, Coinbase said it will negotiate with local banks and regulators to add the assets to as many jurisdictions as possible.

In June, Coinbase announced it will support Ethereum Classic (ETC) on their platform, after which the ETC price surged by more than 25 percent. According to Coinbase, the process of adding ETC to their exchange platform is “proceeding as planned.”

Coinbase noted that unlike adding ETC, which is technically akin to Ethereum (ETH), the new assets “will require additional exploratory work.” The exchange noted that it does not guarantee the new tokens will be listed for trading.

Additionally, the exchange warned that the listing process may make some coins available for customers to buy and sell only, without the ability to send or receive them using a local wallet. Coinbase further explains: