Crypto Traders Eye IOTA, ADA, EOS and TRX Among Next Top Coinbase Listing Candidates
The virtual currency market has thousands of cryptocurrencies with different functions and blockchains. Some of them are very useful while others do not have real use cases. There are several platforms such as Coinbase that are listing new cryptocurrencies and coin.
The last week, Coinbase has decided to unveil a new Digital Asset Framework to list new virtual currencies. In the past, this famous platform has not listed several cryptocurrencies. It had a very hard framework for new assets to be listed. And indeed, it only has five cryptocurrencies listed at the moment: Bitcoin (BTC), Litecoin (LTC), Bitcoin Cash (BCH), Ethereum (ETH) and Ethereum Classic (ETC).
The latest framework presented by Coinbase aims at increasing the speed of new listing at the platform but always taking care of its reputation. In the last year, there were different scams in the crypto space such as BitConnect. Clearly, companies such as Coinbase would never allow assets such as BitConnect Coin.
Cardano is one of the candidates since it has a smart contract platform that is used by several developers and it is in the top 10 of cryptocurrency projects by market capitalization. In the past, Coinbase has shown its interest to list the ADA cryptocurrency, so it could be one of the next listings in the future.
EOS is currently the fifth blockchain and cryptocurrency by market capitalization. It has surprisingly surpassed other crypto projects such as Litecoin or Stellar. EOS has a very big project with several developers working around it and with a community that is distributed all over the world.
At the same time, EOS features several decentralized applications that are more widely used than other Ethereum dApps. Clearly, this could be one of the next additions to Coinbase.
Tron is another candidate. Tron has been working during the last months in order to create a blockchain to support a decentralized internet. It has also acquired and integrated BitTorrent. In the near future, they will tokenize their BitTorrent platform. Additionally, it has a very active community.
IOTA could also be added to the platform in the near future. The currency is used for the Internet of Things (IoT) industry and it has signed several partnerships with important companies such as Bosch or Volkswagen. At the same time, they have developed their own programming language for programmers.
Furthermore, 0x is also a probable listing. There are some reports that say that there were some meetings between 0x executives and Coinbase. The company could use 0x protocol and benefit from it as well.
0x is one of the most important virtual currencies in the market, although it has a smaller market capitalization that the projects mentioned before.
Coinbase is one of the most important companies and platforms in the market. The last two times that it added a virtual currency (Bitcoin Cash and Ethereum Classic), both experienced a price increase in the market. Coinbase is also in touch with regulatory agencies trying to be compliant with all the rules that these institutions enforce.
Another important cryptocurrency that could be listed is XRP. The community is very excited about this possibility. In the last year, the XRP community believed that it was going to be added to Coinbase. However, until now, there is no official information about it.