Coinbase Adds Five New Tokens To Its Platform : XRP Not Included

Coinbase Adds Five New Tokens To Its Platform : XRP Not Included

Coinbase has released a post declaring interest in adding new tokens for the platform, which include BAT and 0x, but not Ripple’s XRP.

The new tokens are Cardano, the privacy coin Zcash, the open-sourced Stellar Lumens, the advertising-focused BAT, and 0x. Leading cryptocurrency trading exchange Coinbase has expressed interest in exploring new adding new cryptocurrency tokens to the platform, as stated in a recent announcement.

Coinbase: @coinbase
Today we are announcing that we’re exploring the addition of the following assets to Coinbase: Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC) and 0x (ZRX).

The exchange has not confirmed adding the tokens to the platform yet, and this is an announcement regarding exploration. Regarding this, Coinbase stated that is

“an effort to be as open and transparent as possible, [they are] announcing that [their] teams are exploring the feasibility of supporting these assets”, adding that this is “consistent with [their] process for adding new assets. “

Cardano picked up Coinbase’s attention because it has “taken a different technical direction from other blockchains on several axes, like its Ouroboros proof-of-stake algorithm, its use of Haskell, and its focus on formal verification”.

Coinbase stated that the Zcash protocol, which has been live since 2016 has a development team which “has published technical improvements that may reduce the memory consumption associated with transaction privacy by 98%”.

The exchnage found the stars in Stellar because its “consensus protocol is different from proof-of-work in that it allows and requires individual nodes to choose the set of other nodes they trust as a group (a “quorum slice”) to give them accurate information about the state of the Stellar network”.

Since the announcement, the following coin prices have changed:

Cardano has increase day-on-day trading by 3.53% and is currently trading at $0.14 USD. Basic Attention Token (BAT) has gained 0.25% and is now at $0.329 USD.

Both Stellar and 0x have has flown up, by 8.15% at $0.216 USD and 14.35% at $1.091 USD respectively.

Zcash, on the other hand, has trickled down by 0.39% and is sitting on $174.458 USD.

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