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.