Coinbase Is ‘Exploring’ Adding Support For Major Altcoins Such As XRP, ADA, NEO, And XTZ

In the latest digital currency news, we have the altcoin Ripple (XRP) which is soon expected to go live on Coinbase among other popular altcoins on the market.

In fact, after months and months of waiting, the hopes and dreams of XRP investors may finally become true. The exchange confirmed that it is exploring adding support for the second largest cryptocurrency on its platform.

First announced in a crypto press release on Friday, the San Francisco-based exchange revealed that it is adding support for “a broad range of assets” which include the names of 30+ market heavyweight altcoins such as Cardano (ADA), EOS, NEO and Tezos (XTZ).

There have been a lot of talks around the issue of Ripple (XRP) not being listed on Coinbase, even as the company listed smaller cryptocurrencies such as 0x and seemingly more controversial ones such as zCash, which can be used for creating anonymous transactions.

This announcement also follows Coinbase’s decision to revamp its listing process, providing support for a much larger range of cryptocurrency assets. However, currently the word “exploring” is not the same as “listing” which is why Coinbase noted that the company “cannot guarantee” that every cryptocurrency mentioned in the announcement will make its way to Coinbase Pro and Coinbase.com.

As an excerpt from the announcement post stated:

“Adding new assets requires significant exploratory work from both a technical and compliance standpoint, and we cannot guarantee that all the assets we are evaluating will ultimately be listed for trading. Furthermore, our listing process may result in some of these assets being listed solely for customers to buy and sell, without the ability to send or receive using a local wallet.”

At the end of the day, the confirmation that Coinbase is at least evaluating the addition of XRP to its platform is alone a news story that is positive for many investors, especially because of the nature of Ripple and its accusations that the token is “a security issued through illegal securities offering.”