As one of the world’s largest and most popular cryptocurrency exchanges, Coinbase has listed a wide variety of digital assets on its platform since its launch in 2012. From Bitcoin (BTC) and Ethereum (ETH) to Litecoin (LTC) and Basic Attention Token (BAT), the San Francisco-based exchange has built up a user base of over 35 million people.
With such a large customer base, it’s no surprise that many users are always asking Coinbase when it will list new digital assets. One such asset that has been gaining a lot of attention lately is Avalanche (AVAX).
Avalanche is a decentralized finance (DeFi) platform that enables users to create, trade, and interact with a variety of financial instruments. The platform is designed to be scalable and secure, with the aim of becoming the go-to DeFi protocol for developers.
So, will Coinbase list Avalanche on its platform? Let’s take a look at what the exchange has to say about listing new digital assets.
In December 2018, Coinbase announced that it had listed Ethereum Classic (ETC) on its platform. At the time, the exchange said that it would “continue to evaluate dozens of digital assets” and that it would “add more over time”.
Coinbase has also been pretty clear about the criteria it uses to list new digital assets. In March 2018, the exchange published a blog post outlining these criteria, which includes factors such as compliance with local lAWS, security, and liquidity.
Based on these criteria, it seems likely that Coinbase will eventually list Avalanche on its platform. The Avalanche platform is compliant with local lAWS in the jurisdictions where it operates, and it has also been audited by independent security firms.
Furthermore, the Avalanche token has been trading on major exchanges such as Binance and OKEx for some time now, so there is already significant liquidity in the market.
Of course, there is no guarantee that Coinbase will list Avalanche in the near future. However, given all of the factors mentioned above, it seems like only a matter of time before the popular cryptocurrency exchange adds AVAX to its platform.