ADA, XLM, ZEC Rising After Possible Listing on Coinbase

Cardano Stellar Zcash are rising - CoinShot

Coinbase, a crypto exchange from San Francisco, announced on July 13 that it’s examining the addition of five new coins.

The trading platform is exploring the possibility of adding new assets to its trading lists, including Cardano (ADA), Stellar (XLM), Zcash (ZEC), Basic Attention Token (BAT) and 0x (ZRX). In addition, Coinbase said it will hold talks with local regulators and banks to add assets to as many jurisdictions as possible.

Recall that earlier in July, after the announcement of Coinbase support for Ethereum Classic (ETC) on its platform, the price of ETC increased by more than 25%. According to Coinbase, the process of adding ETC to their exchange platform “goes according to plan”.

As noted by Coinbase, the addition of a new asset Ethereum Classic, which is technically similar to Ethereum, will require additional research work. The exchange noted that it doesn’t guarantee that the new tokens will be listed for trading.

In addition, the exchange warned that the listing process can make some coins available to customers to buy and sell without the ability to send or receive them using a local wallet.

“Through our website, we are also ready to use only certain ways of interacting with these assets. For example, support only deposits and withdrawals from transparent Zcash addresses. Finally, some of these assets may be offered in other jurisdictions before they are listed in the United States.”

The exchange said that these assets require more detailed study and haven’t yet determined when these coins will be available on the platform. Some of these assets will be available everywhere, according to Coinbase, while others may only be supported in specific jurisdictions.

At the time of writing, all declared coins are in green. Over the past 24 hours, Cardano (ADA) has grown by 8%, Stellar (XLM) and Zcash (ZEC) have risen by almost 10%, while 0x (ZRX) and Basic Attention Token (BAT) have grown the most and took the top at 15 and 21 percent respectively.