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It looks like Coinbase is preparing to add a lot more cryptocurrencies

Jon Russell
It looks like Coinbase is preparing to add a lot more cryptocurrencies

Coinbase aspires to be the New York Stock Exchange of crypto, and it is taking a small -- but not insignificant - step to offering a lot more cryptocurrencies after it revamped the process of listing new digital assets. The exchange currently only supports just five cryptocurrencies -- Ethereum, Bitcoin, Bitcoin Cash, Ethereum Classic and Litecoin -- and the process of adding each one has been gradual. Regulatory concern is high on the scale when evaluating support for new cryptocurrencies, so now Coinbase is speeding up the process by limiting trading of some tokens to specific locations where necessary.