Since some days, rumours about Coinbase listing new cryptocurrencies have grown substantially. This online wallet that offers a cryptocurrency exchange (GDAX) is listing Bitcoin, Ethereum and Litecoin. Other virtual currencies may be listed in the coming months.
Coinbase Exponential Growth
We have witnessed in the last weeks a bullish market that increased the price of the different cryptocurrencies exponentially. Bitcoin, Litecoin and Ethereum have all reached new all time highs. Mainstream media has covered with more interest the cryptocurrency market and what’s going on there. That created a huge number of accounts to be opened in Coinbase, some days more than 150,000.
“We have been seeing a lot of account growth as has been reported. Our trade volumes are up about 30 times over the course of this year, and we have days when we have opened thousands of accounts. We were the number one app in the app store, which is surprising,” told Asiff Hirji, Coinbase president to CNBC.
New Currencies Arriving at Coinbase?
There are different currencies that are campaigning in order to be listed in Coinbase, Ripple and Dash are some of them. About the possibility of adding new cryptocurrencies to the platform, Mr Hirji commented that they have a framework that any cryptocurrency that would be listed must follow.
“We have published a digital asset framework which outlines the criteria we look at for any particular asset before we list it. You need to pass those exams before we would ever list the asset. Suffice to say that we have a framework out there and we have a lot of people campaigning for new assets,” he said.
During the interview, he said that according to the framework that they have, people can realize which assets are more likely or not to be listed. Besides that, he didn’t give any suggestion whether this year or the next one new currencies at Coinbase would be listed. He confirmed that they are working in order to give support to new virtual currencies and that this is the direction that they are going to take.