Recently, Coinbase announced that it is still looking to add new assets to add to its platform, to help improve its services throughout the world.
The company is trying to add partners that meet its technical standards and agree with all the laws related to it. By doing this, Coinbase will support the assets (partners) and make sure that its users have access to more than 90% of the aggregate market cap of all the digital assets in circulation.
This attempt by the US-based cryptocurrency exchange to help new digital currencies reach the mainstream is not as simple as it sounds; Coinbase has an evaluation process to find prospective assets. Factors like security, agreement with the law, and the common dream of making an open financial system for the world, play a crucial role in the Coinbase process of evaluating assets.
The exchange announced some of the new assets they are exploring to add to their platform. These new assets include Avalanche, Celo, Chia, Coda, Dfinity, Filecoin, Handshake, Kadena, Mobilecoin, NEAR, Nervos, Oasis, Orchid, Polkadot, Solana, Spacemesh, and Telegram.
Coinbase is trying to list all the assets by following all the jurisdiction. This will take time; the company is not sure how long it will take to finish the process and add the assets into its platform.
Apart from partnering with the new assets, Coinbase is also acquiring other assets in order to expand its services. A few months back, the company, a Hong Kong-based firm that stores its Bitcoin in a private warehouse. Coinbase reportedly was looking to acquire the company for $50 million.