Coinbase Continuing to Explore Backing for New Crypto Assets, Including DASH


Coinbase has a goal to provide backing for all crypto assets that are in alignment with their technical standards, as well as those that are in compliance with all the applicable laws. With time, the platform is hopeful that its clients scattered around the world will gain access to all Coinbase platforms.

The aim is to make sure that the customers are able to transact with close to 90% of all the crypto assets that are already in circulation. Currently, the platform has only managed to explore support for digital assets that have already gone live. Many of its assets are also capable of trading on other platforms.

Coinbase is, therefore, informing the public of its plan to continue exploring crypto assets that are yet to go live. These are assets that the platform may choose to provide backing for in the coming days. The company will continue evaluating all the prospective assets by looking into factors such as compliance and security.

It also intends to look into whether the assets being considered are aligned with its mission to help build an open financial system for use by people all over the world.

Coinbase Now Supporting Dash

Coinbase.com started supporting Dash on September 19th, 2019. The support is via the official platform as well as via its iOS and Coinbase Android applications. Its customers will now be in a position to purchase, sell, receive, store, or even send DASH.

It was announced that DASH would be made available to clients in all regions where Coinbase is operational with the exception of the United Kingdom and New York State. The announcement noted that new jurisdictions would be added and communicated to the public at a later date.

Dash (DASH)

The cryptocurrency was launched in 2014. It is a digital asset that has been optimized for making payments and is characterized by the top of the line privacy features as well as optimal transaction speeds. Dash is currently accepted in more than 4,000 merchant shops across the globe. It has a unique network that comprises of Masternodes (privileged machines) and regular miners.

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