Coinbase Announced ERC20 Support

This will allow to add a number of new assets to the platform in the future
27 March 2018   1173

Coinbase announced that in the coming months it will implement the support of the technological standard ERC20. This will allow to add a number of new assets to the site in the future.

ERC20 standard is used in smart contracts Ethereum and has become very popular among developers and organizers of initial offers of coins.

As stated in the message, support for ERC20 will store a number of new assets with the help of Coinbase Custody, but not all of them will be available for trading on GDAX or Coinbase.

It is noted that the development team intends to wait for a clearer regulatory framework before deciding whether to add certain ERC20 assets to GDAX. In addition, the support of the standard will allow you to safely recover assets that are mistakenly sent by users to Ethereum-addresses of GDAX and Coinbase.

As for Coinbase Asset Management, according to the index methodology, any assets in the GDAX listing will be added to the Coinbase Index based on market capitalization.

In general, new assets will be able to get into the Coinbase listing only after they are added to GDAX. The assessment will be made on a number of parameters, including liquidity, price stability and other indicators of "market health." Any of the ERC20 assets that appeared on GDAX can be selected for addition to Coinbase.

At the same time, it is especially noted that, most likely, GDAX will have more new assets than Coinbase, so adding them to the latter is not guaranteed.

Finally, the implementation of ERC20 support in Coinbase Commerce is not yet planned.

Coinbase to Acquire Neutrino

Startup will help the exchange to determine the most popular tokens in certain regions for listing on the respective branches of the site
19 February 2019   129

Coinbase cryptocurrency exchange bought analytical blockchain-startup Neutrino. The amount of the transaction was not disclosed, CoinDesk reports.

According to Coinbase product director Varun Srinivasan, the startup will help the exchange to determine the most popular tokens in certain regions for listing on the respective branches of the site.

It is noted that eight employees of Neutrino will be transferred to Coinbase’s London office this week.

We decided to join Coinbase because we’re totally aligned with the company’s mission of building an open financial system and we share the same commitment to regulation, compliance and security in the cryptocurrency space. 
 

Giancarlo Russo

CEO, Neutrino

Earlier in February, the Coinbase venture unit financed a startup Dharma Labs, developing a decentralized lending platform for cryptocurrency traders and investors.