Kraken Releases A Sarcastic Statement On Coinbase’s New Decision

As we reported yesterday, Coinbase announced its new plans for adding five new digital currencies on the platform.

Even though the news was positively accepted by many, there was one ‘hater’ in the entire situation – and it was the major competitor and crypto exchange Kraken. As soon as Coinbase announced its plans to integrate Cardano, Stellar, BAT, Zcash and 0x, it also emphasized that the approval from regulators (SEC) is still not received.

As Coinbase officially stated:

“Unlike Ethereum Classic, which is technically similar to Ethereum, these assets require additional work that necessitates contact with many external parties. To ensure that this news comes to you directly from us, we are publicly announcing our intentions. Please note that we are not guaranteeing the listing of any of these assets. We may list them with partial support, or only in specific jurisdictions. In particular, some assets may become available in other countries before the US.”

Kraken apparently found this funny and decided to respond sarcastically. The exchange claimed that it has been contemplating to add 1,600 new coins on its platform, including all of the digital assets listed on CoinMarketCap.

As they officially stated:

“Exciting and important revelation for the community today. Kraken has been contemplating the exploration of maybe adding over 1600 new coins, pending the outcome of our highly sophisticated review process. For a glimpse of the possibilities [visit CoinMarketCap].”

While the response of Kraken may seem funny to many crypto fans, we should definitely appreciate Coinbase’s efforts towards adding new assets – even in a period of extreme volatility and regulatory uncertainty.