By Despite conventionally being a conservative exchange with regards to listing cryptocurrencies, Coinbase has now changed its position. The company is now considering altcoins if the assets are supposedly robust and eligible for its listing criterion. Coinbase has also changed its decision-making policies, to the extent that applicants can now be solicited.
It is probable that Coinbase is the world’s most cautious cryptocurrency exchange. At present, it has only listed BTC, BCH, LTC, ETH and ETC which amounts to only five cryptocurrencies. Coinbase has enforced stringent decision-making policies, that requires authorization from regulatory agencies and lawyers before progressing. Unexpectedly, the United States exchange has modified its policy to the extent that applications from project teams that desire to have their coin listed, can now be solicited.
In a blog post last Tuesday, Coinbase commented that “we’ve always taken a deliberate approach adding support for new assets to the platform.” Coinbase subsequently stated that “today we’re announcing a new process that will allow us to rapidly list most digital assets that are compliant with local law, by satisfying listing requests in a jurisdiction-by-jurisdiction manner. In practice, this means some new assets listed on our platform may only be available to customers in select jurisdictions for a period of time.”
The Advent of Change in the World of Coinbase
Coinbase is considered to be a contentious exchange. This is primarily due to bold decisions, which have consequently included the shut-down of Wikileaks’ account and the ban of deposits that have passed through coin mixers. The response has not been well received by many. Even its staunchest critics would acknowledge that the decisions the exchange has made to date, for better or for worse, has had a significant effect on the market. This is both concerning dictating trends and boosting prices. 
The exchange revealed a diverse range of altcoins that it was considering adding to its Custody cold storage service in August, which included ZRX, BAT, XTZ, and FOAM. It is reasonable to expect that some of these coins, as well as many more, will be made available for trading, in specific American states, soon. However, Coinbase has not yet outlined the listing criterion. Although, it is probable that coins which are considered to be reasonably decentralized will be prioritized, as those whose ownership is not concentrated in the hands of the project founders, and which are unlikely to be classified a security.
The Coinbase’s listing portal
According to company policy, there will be no listing fee for coins that are approved. However, altcoins will need to overcome legal and security obstacles before being listed. A new Coinbase Listing portal was recently developed. It is anticipated that the portal will shortly be inundated with applications.
Observers are curious to establish whether highly centralized coins such as ripple are going to be accepted, as Coinbase has typically adhered to a conservative policy.
Which coins do you think that Coinbase will be likely to approve? Do centralized coins warrant caution for exchanges such as Coinbase? Let us know in the comments section below!
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