In mid-July of this year, Coinbase had cited Stellar and Cardano as one of five cryptos that had been shortlisted as candidates for integration onto its platform as base currencies.
Since that time, the other candidates on that list – Basic Attention Token (BAT), ZCash (ZEC) and 0x (ZRX) – have seen themselves incorporated in some form onto the platform whilst Stellar and Cardano remained unsupported, leaving some wondering whether there were plans to proceed with their integration at all.
In a blog published only a few hours ago, however, Coinbase has confirmed that its interest in Stellar (XLM) and Cardano (ADA) is maintained, but appears now to be hinting that support may be limited to a more basic listing with the favourable treatment alluded to in July’s original declaration conspicuously absent.
Expanded List of Candidates Includes Ripple
In that same piece, Coinbase also pointed out that its overall goal is to provide at least basic support for a sufficient number of tokens to allow it to capture over 90% of the market capitalisation of all cryptos which meet with the exchange’s criteria – as set out in its Digital Asset Framework – which cover “factors like security, compliance, and the project’s alignment with our mission of creating an open financial system for the world.”
The list of 31 candidates that are currently being assessed includes some of the highest profile projects in crypto, including Enjin Coin (ENJ), Ziliqa (ZQA), Augur (REP) and Ripple (XRP) – arguably 2018’s biggest winner in crypto in terms of visibility and utility adoption, having consolidated its position as the leading alt-coin by market cap over the course of this year.