7 October 2022
Coinbase Creates New Policy For Crypto Listings With Asset Hub
Cryptocurrency exchange Coinbase that shares cryptocurrency trading prices live has introduced a new system called Asset Hub. The new system will make it easier for crypto projects to earn a listing on the exchange.
As per the announcement, Asset Hub permits projects to request a listing for their token and view the status of that request. The exchange describes its service as a “single interface … for digital asset issuers to manage the full lifecycle of their assets.”
Coinbase aims to list every compliant cryptocurrency asset and adds that “streamlining the listing process is step one” toward achieving that goal. The firm states, “Our door is open.”
The Coinbase latest blog post states that the exchange currently trades over 40 cryptocurrencies, while its storage counterpart Coinbase Custody supports over 90 cryptocurrency assets.
However, the company has not mentioned listing fees. Previously, Coinbase had mentioned in a 2018 blog post that it does not charge application fees but reserves the right to charge fees depending on submission volume. Mostly, the firm is unlikely that either of these policies will change with its latest announcement.
Recently, Coinbase has listed Uniswap’s UNI token, assorted Ethereum-based tokens, and several DeFi tokens. Its custody has separately added support for several tokens.