The largest US cryptocurrency exchange Coinbase announced a possible listing of 18 cryptocurrencies, including major representatives of the decentralized finance sector (DeFi).
Coinbase is exploring the addition of 18 new digital assets, some are live, some are not. We will evaluate each against our Digital Asset Framework. It’s our goal to offer support for all assets that meet our standards and are compliant with local law. https://t.co/IN4g4WfYjW
— Coinbase (@coinbase) June 10, 2020
Among the assets considered for listing, the DeFi sector is represented by such projects as Aave, Bancor, Compound, and Synthetix. The total market capitalization of its tokens exceeds $ 400 million. According to the analytical portal DeFiMarketCap, this is more than 20% of the total capitalization of the DeFi market.
The news of the possible addition of the above assets to Coinbase had a positive effect on their market value. The Synthetix token went up by 9.24% per day, Bancor – by 12.4%, the rest of the coins show less impressive growth.
In addition, Coinbase is considering listing tokens of Aragon, Arweave, DigiByte, Horizen, Livepeer, NuCypher, Numeraire, KEEP Network, Origin Protocol, Ren, Render Network, SKALE Network, and VeChain.
“Coinbase’s goal is to offer support for all assets that meet our technical standards and which comply with applicable laws. Over time we expect our customers around the world will have access through Coinbase platforms to at least 90% of the aggregate market cap of all digital assets in circulation,” the company said.