Coinbase Custody, a leading institutional-grade crypto storage solution, is evaluating the addition of dozens of new cryptocurrencies to its platform. Notable assets under consideration include Ripple (XRP), EOS, Monero (XMR), and others, as part of its ongoing effort to expand secure storage options for institutional investors holding large volumes of digital assets.
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Key Details About the Expansion
- Storage-Only Service: Coinbase clarified that the newly added assets will exclusively receive custodial storage support, with no immediate plans to enable trading.
- Transparency Commitment: The company publicly disclosed its evaluation process to maintain trust and keep clients informed about potential additions.
- No Guaranteed Listings: Even as Coinbase prepares its infrastructure (including API upgrades), not all assets under review may ultimately be supported.
Cryptocurrencies Under Review
Coinbase’s preliminary list includes:
| Asset | Symbol |
|----------------|--------|
| Nano | NANO |
| Bitcoin Gold | BTG |
| Dogecoin | DOGE |
| Ripple | XRP |
| Dash | DASH |
| NEO | NEO |
| Cardano | ADA |
| Stellar Lumens | XLM |
| EOS | EOS |
| Monero | XMR |
| Tezos | XTZ |
| STEEM | STEEM |
| ICON | ICX |
Background and Context
This move follows Coinbase’s July announcement regarding the potential listing of five cryptocurrencies for trading. The company also introduced a Digital Asset Framework to improve transparency after facing scrutiny during the Bitcoin Cash (BCH) controversy.
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Independent investigations by U.S. law firms recently confirmed that Coinbase adhered to合规 protocols during BCH’s listing, clearing the platform of misconduct allegations.
FAQ Section
Q: Will Coinbase support trading for these new assets?
A: No—the current plan focuses solely on custody services. Trading availability would require a separate announcement.
Q: How does Coinbase decide which assets to add?
A: The company evaluates factors like liquidity, regulatory compliance, and client demand through its Digital Asset Framework.
Q: When will these cryptocurrencies be available for custody?
A: No timeline is confirmed. Coinbase will notify users upon finalizing decisions.
By prioritizing security and transparency, Coinbase Custody continues to solidify its role as a trusted partner for institutional crypto investors. The potential inclusion of high-profile assets like XRP and EOS signals growing mainstream acceptance of diverse blockchain projects.