Over the past few years, plenty of new cryptocurrency exchanges have been established worldwide, but very few can claim to be as influential as Coinbase. The US-based cryptocurrency agency has a wide range of offerings and a large number of customers, which makes it the most coveted listing for many tokens.
Due to the sheer number of users and the fact that a large chunk of crypto investors in the US use the exchange, a listing naturally means a big deal for a crypto token. In a new development, the company has announced that it is going to list as many as 17 new cryptocurrencies to the existing pool.
Over the years, the company has been well known for being extremely picky with regards to the tokens that it actually lists and hence, a listing on Coinbase is such an important milestone for any crypto project. The possibility of the latest additions was announced in a blog post from the company. Some of the highly anticipated cryptocurrencies that are going to be added include Telegram and Polkadot, among 15 others.
It still isn’t known when most of these coins will be going live, but the fact that it is happening at all is enough to generate excitement among the crypto community.
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Back in 2018, the company stated that listing announcements were going to be far more frequent than in the past and this is an indication of the fact that the company is going to deliver on its promise.
However, at the same time, it needs to be kept in mind that the due diligence done by the company remains as stringent as ever and it is certainly going to require that crypto projects pass all kinds of hurdles before they are eventually listed on Coinbase. At this point in time, the non-pro exchange lists only 10 cryptocurrencies.
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