Coinbase, which is one of the largest digital currency exchanges in the United States, has just announced that they have initiated a new process that will allow the listing of new currencies much faster than before. The company says, though, that this new process will only apply to digital currencies that are legal within the jurisdiction of the customer. This means that some customers may not be able to view or become party to transactions for all currencies listed on the exchange through this process. To list a new digital currency on the exchange, issuers must first fill out a form provided by the exchange, which Coinbase will then evaluate to make certain that it complies with its rules. This process currently has no application fee associated with it, but the exchange has said that they reserve the right to introduce an application fee in the future, in order to cover legal costs and expenses related to operational costs associated with managing this process. Coinbase believes that their new process will allow it to list nearly all digital currencies that meet its standards. They also believe that the process will greatly increase the number of listings of new tokens, and because of this in the future new listings will only be announced once they go live on their exchange in one form or another. Currently, Coinbase supports the following digital currencies: Bitcoin (BTC) Bitcoin Cash (BCH) Ethereum (ETH) Ethereum Classic (ETC) Litecoin (LTC)
The exchange has further previously stated that it plans to support the following cryptocurrencies in the near future: Cardano (ADA) Basic Attention Token (BAT) Stellar Lumens (XLM) Zcash (ZEC) 0x (ZRX)
The exchange this past August also introduced support for British pounds, which has enabled its customers in the United Kingdom to exchange their local fiat currency for digital currencies within one business day.