As one of the most popular and well-known cryptocurrency exchanges, Coinbase has been a major player in helping to bring digital currencies into the mainstream. Founded in 2012, Coinbase was one of the first exchanges to offer buying and selling of Bitcoin, and today it supports trading of a wide range of cryptocurrencies.
In recent months, Coinbase has been making a number of changes and additions to its platform in order to meet the growing demand for cryptocurrencies. Here are some of the things that are coming to Coinbase in the near future:
1. New coins and tokens
One of the most common requests from Coinbase users is for the addition of new coins and tokens. The exchange is always evaluating new assets to add, and in the coming months, we can expect to see a number of new listings on Coinbase.
Some of the assets that have been rumoured to be under consideration include Ripple (XRP), Stellar Lumens (XLM), Cardano (ADA) and 0x (ZRX).
2. Margin trading
Another exciting feature that is coming to Coinbase is margin trading. This will allow users to trade with leverage, meaning they can open larger positions than would be possible with their current account balance.
This could make for some very exciting trading opportunities, but it will also be important to exercise caution and risk management when using this feature.
3. OTC trading desk
Coinbase is also planning to launch an over-the-counter (OTC) trading desk, which will be aimed at institutional investors. This will provide a way for large investors to trade digital assets without having to go through the public exchange order books.
The OTC desk will be managed by a team of experienced traders and will provide another avenue for institutions to get involved in the cryptocurrency space.
4. Improved mobile app
Coinbase is continuing to invest in its mobile app, which is already one of the most popular crypto apps available. In the coming months, we can expect to see further improvements and enhancements, including support for new languages and markets.
The mobile app is an important part of Coinbase’s plans to make cryptocurrencies more accessible to everyone, and it is clear that they are committed to making it as user-friendly as possible.
5. Custody service for institutional investors
One of the biggest barriers to entry for institutional investors is the lack of a reliable custody solution for digital assets. This is something that Coinbase is looking to solve with its new custody service, which is currently in development.
The service will provide a secure way for institutions to store their digital assets, and it is expected to launch later this year.