Coinbase is renowned for being one of the most trustworthy crypto exchanges globally. What could the world expect from it in the vicinity? This article will cover potential Coinbase listings and why they could be listed soon. Plus, we’ll assess the benefits and drawbacks of each listing.

 

Overview of Coinbase

Coinbase is an acclaimed digital currency exchange platform, located in San Francisco. It was founded in 2012 and now supports over 50 million customers in more than 100 countries. It provides a simple and secure way to buy, sell, store and transfer digital currencies, using easy-to-use software solutions. Coinbase also actively lists new digital assets on its platform.

Coinbase’s two main products are GDAX (Global Digital Asset Exchange), a broker exchange, and Coinbase Pro – an advanced trading platform for experienced traders. Through GDAX, users can access multiple virtual currencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and other smaller *altcoins*. Plus, these coins can be quickly converted using Coinbase’s wallet system.

Moreover, Coinbase offers APIs (Application Programming Interfaces) designed for financial institutions, that integrate virtual assets with their existing systems. It also provides APIs for prime brokerages, retail brokers, payment providers and other businesses requiring a secure, fast integration of their clients’ wallets with digital assets.

In conclusion, Coinbase is an industry-leading open financial system, with reliable infrastructure technology. It safely stores user data, whilst offering top-notch customer education & support services.

 

Coinbase Potential listings For 2023

Coinbase is always growing the coins and tokens it offers on its cryptocurrency trading platform. It’s one of the largest exchanges and has become even more popular due to its strict standards when it comes to listing.

Let’s speculate what the next coins and tokens may be that Coinbase lists in the current market.

 

Hedera (HBAR)

The price of Hedera (HBAR) has been ticking up for weeks now, and it looks like it might be ready to take off. The coin has been on the move lately, and it recently broke out from a consolidation pattern that has been in place for months.

Hedera (HBAR) is the platform token for the Hedera Hashgraph public distributed ledger. This allows users to access the network without having to buy a separate cryptocurrency. The coin also acts as an incentive for people who want to run nodes on the network.

The price of Hedera (HBAR) has been climbing since mid-November 2019 when it hit a low of $0.024 USD/1 HBAR. The coin has since gained more than 80% in value and is currently trading at $$0.06577 USD/1 HBAR in 2023.

 

VeChain (VET)

VeChain (VET) is a blockchain-based platform that aims to improve supply chain management and business processes. The platform uses a combination of blockchain technology, Internet of Things (IoT) devices, and other advanced technologies to provide businesses with a more transparent and efficient way to manage their supply chains.

VeChain was founded in 2015 by Sunny Lu, a former CIO of Louis Vuitton China. The platform has since grown to become one of the most popular blockchain-based supply chain solutions in the market. VeChain’s main focus is on providing businesses with a way to track their products from the source to the end consumer, ensuring that they are authentic, safe, and of high quality.

One of the key features of VeChain is its use of RFID (Radio Frequency Identification) technology, which allows businesses to track their products in real-time. This technology can be used to track everything from raw materials to finished products, ensuring that businesses can quickly identify any issues or problems in their supply chain.

VeChain also uses smart contracts to automate many of the processes involved in supply chain management. Smart contracts are self-executing contracts that automatically enforce the terms of an agreement. This can help to reduce the time and cost involved in managing supply chains, while also improving transparency and accountability.

 

Theta Network (THETA)

Theta Network (THETA) is a blockchain-based content delivery platform that aims to revolutionize the way video streaming is done. It is a decentralized network that enables users to share bandwidth and computing resources to create a more efficient and cost-effective video streaming experience.

The platform was launched in 2018 by Theta Labs, Inc. and has since gained popularity among content creators and viewers alike. The THETA token is used as a means of exchange on the platform and can be used to reward content creators for their contributions to the network.

Theta Network has several key features that set it apart from other video streaming platforms. One of these is its peer-to-peer (P2P) architecture, which allows users to share resources and reduce the load on centralized servers. This results in faster and more reliable streaming, as well as reduced costs for content providers.

Another key feature of Theta Network is its use of smart contracts, which enable automated and transparent transactions between users. This allows content creators to be fairly compensated for their contributions, and also ensures that viewers can trust the integrity of the platform.

 

Coinbase Listing Process

Listing cryptocurrency on Coinbase is no easy feat. Coinbase takes into account multiple factors when deciding which coins to list and when.

Let’s investigate the Coinbase listing process and speculate which coins may be listed soon:

 

Regulatory Compliance

Coinbase listings involve multiple steps. One of the most important is the evaluation of regulatory compliance standards. Coinbase aims to comply with all applicable laws. It requires digital assets to have valid use cases, be on public blockchains, be decentralized, and offer enhanced security.

Prior to listing a digital asset, Coinbase evaluates it to reduce risk. It checks if the asset has appropriate licenses or complies with existing laws. There may also be reviews from specific financial intelligence units like FINTRAC in Canada or FATF mutual evaluations. Additionally, external regulatory opinion letters may be requested from legal counsel to confirm compliance status.

Projects considering an application must have an active and/or interactive team. They should engage at key stages and respond to customer inquiries regarding shared materials like token economics. This is critical information needed by customers when assessing investments in Coinbase Global.

 

Asset Evaluation

Coinbase assesses potential assets using many variables for deciding what to list on their platform. The factors vary, but some of the key ones for both tokens and cryptos include:

  • Security commitment: Coinbase requires listed assets to have solid governance, engineering, risk management, compliance, as well as robust protocols or frameworks.
  • Legal and compliance: Coinbase looks into any legal or regulatory complications with listing an asset, including needed licenses in certain areas.
  • Network health: Coinbase gauges factors like transaction speed, block size, blockchain activity, and total number of nodes supporting an asset.
  • Market health: Utilizing a range of metrics such as market capitalization, trading volume, and liquidity for the asset may be considered.
  • Decentralization level: Coinbase examines how decentralized an asset is, particularly for crypto tokens, by looking at circulation levels and premining practices.

 

Technical Requirements

A token up for consideration to be listed on Coinbase must meet the company’s technical requirements. These include:

  • Open source development with strong code review and test cases.
  • Regular updates with bug fixes and security patches.
  • Public source code and documentation on Github or a public repository.
  • Traceability of key assets, such as private keys and source files.
  • Auditability of major components to make sure they have gone through security review.
  • Post-mortem reports for any incident affecting the platform.

Coinbase also requires that the token meets criteria about their qualities, tokenomics and the project. These include:

  • Strong customer demand for the asset.
  • Experienced team members with good backgrounds.
  • A well-defined token utility with use cases.
  • Regulatory compliance.
  • Alignment with Coinbase’s values of openness and decentralization.

 

Conclusion

Coinbase has a branch that invests in Crypto and Blockchain – Coinbase Ventures. It’s resulted in loads of digital assets being available on Coinbase – Bitcoin, Ethereum, USD Coin, Ripple’s XRP token, Litecoin, Zcash and more. Plus tokens from new blockchain networks like Polkadot, Cosmos and Chainlink.

Coinbase is now also more open to listing new digital assets, to provide more options for investors. This trend is likely to keep up in 2023 and beyond.

 

Frequently Asked Questions

What coins are Coinbase planning to list in the future?

Coinbase is constantly investigating new coins to add to the platform, but they do not publicly comment on which coins they may be exploring for future support or when they may be added.

How does Coinbase decide which new coins to add?

Coinbase evaluates potential coins for listing on a case-by-case basis, but the main factor is whether or not the coin meets their Digital Asset Framework. This framework evaluates factors such as security, compliance, and the project’s alignment with Coinbase’s mission of creating an open financial system for the world.

Does Coinbase ever announce which coins they plan to list in the future?

Coinbase does not publicly announce which coins they are considering for future listing, but they do make announcements when coins have been added to the platform.