Coinbase has announced that they are exploring support for eight new digital assets. Expansion is part of a larger agenda by the exchange to give customers access to 90% of the aggregate market capitalization of all digital assets.
Coinbase announced his plans in an official blog post on August 5. As part of the announcement, Coinbase noted that they could launch an API facing the public and show other indications of engineering work during the exploration phase.
In the announcement, exchangers are currently exploring support for Algorand (ALGO), Cosmos (ATOM), Dash (DASH), Decred (DCR), Matic (MATIC), Harmony (ONE), Ontology (ONT) and Waves (WAVES) .
It's a little weird if they go crazy adding tons of coins all at once. But I guess they'll roll out new coins a couple at a time. Perhaps it'll have a positive impact on the alt market overall -- god knows it could use some help right now.
Coinbase also said that it intends to finally provide support for a minimum of 90% of the aggregate market capitalization of all digital assets in circulation for clients around the world. This is said to be achieved through their Digital Asset Framework, which is used to assess the relevant properties of potential assets such as security and compliance.