Could Stellar (XLM) Be Listed on Coinbase in the Near Future?
Coinbase has been in the news due to the fact that it has launched a new policy to include new assets on the platform. It seems that the famous cryptocurrency company wants to add new assets faster than what it has done historically.
Coinbase has released a series of tweets in which they explain that they are trying to add new assets in a compliant and secure way.
While one of our top customer requests has been to add support for many new digital assets, we have been determining how to do this in a compliant and secure way that maintains the standards our customers have come to expect.
— Coinbase (@coinbase) September 25, 2018
On its blog, the company provided all the details about how they are working in order to list other assets. At the moment, Coinbase is listing Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC) and Litecoin (LTC).
Dan Romero, VP and General Manager of Coinbase, talked with CNBC’s Fast Money about the efforts that the company is making to be compliant with the rapidly expanding industry. As mentioned before, Coinbase is currently offering support to the most important virtual currencies but was not able to offer other products.
About it, he mentioned:
“Ultimately, crypto is a global phenomenon. You have software developers and entrepreneurs around the world building products on top of crypto and it’s unlocking a lot of use cases, particularly in emerging markets. I think we need to shift as a company to a more global perspective.”
Stellar and XLM could be among the most benefited projects in the market. In the past, Coinbase explained that it could be a potential addition to the exchange. Cardano (ADA) is also a possible contender. At the moment, Stellar has a privileged place in the market since it has a higher market capitalization than Litecoin or Ethereum Classic, both listed at the exchange.
Currently, XLM has a market cap of $4.65 billion dollars and each token can be bought for $0.24 dollars. Nonetheless, Coinbase did not mention anything about adding Stellar to its network on its latest post.
It is important to mention that XRP’s community is also excited about the possibility of being listed in Coinbase. This might be one of the biggest debts that the crypto world has with XRP and Ripple’s community. In several occasions in the past, rumors spread about the possibility of Coinbase adding support to XRP. However, these rumors were indeed false.
Something is very clear, the virtual currency added to the platform will clearly experience a price increase. Millions of customers from different countries will have the possibility to exchange a new virtual currencies in one of the most recognized platforms in the market.