Coinbase’s Goal is to List ‘Every’ Crypto Asset, says CEO Brian Armstrong
The biggest cryptocurrency exchange in the US, Coinbase co-founder and chief executive officer Brian Armstrong took to Twitter on Monday to remind the crypto community just how it lists assets.
“Our goal is to list *every* asset where it is legal to do so,” he said.
Besides following the listing standards in terms of legality and safety, Armstrong said, the firm doesn’t have an opinion on the value of each asset.
“We are asset agnostic, because we believe in free markets and that consumers should have choice in the cryptoeconomy. This is how we'll have the most innovation.”
Over time, Coinbase will provide tools to give customers ratings and reviews of assets to make more informed decisions. However, Armstrong said, listing on Coinbase shouldn’t be taken as an endorsement of that asset.
Coinbase has started to list more and more cryptocurrencies to its exchange recently, and the exchange has been focused on adding more assets, with CFO Alesia Haas saying last month,
“We’re making big investments to improve the speed of our asset addition.”
Armstrong also shared late on Monday that they are working to keep up with the “incredible amount of assets being issued” and interacting with the asset issuers who are “building the future of this industry.”
For this, Coinbase will be increasing its staff to engage with all asset issuers in a timely manner through its AssetHub, where it encourages crypto projects to list their assets across Coinbase projects and promote them to over 56 million customers, as previously done by Algorand (ALGO), Polkadot (DOT), Dogecoin (DOGE), Cosmos (ATOM), and Compound (COMP).