Coinbase Will Add New Cryptos With a New Process: No Listing Fee, Fully Compliant

Coinbase, the world's largest crypto exchange by volume and user base, has integrated a new process of listing new cryptocurrencies on its platform.

Coinbase also intends to accept minimal fees, if needed in the future, to cover legal and operational costs in integrating new cryptocurrencies.

"Today we're announcing a new process that will allow us to rapidly list most digital assets that are compliant with local law, by satisfying listing requests in a jurisdiction-by-jurisdiction manner. In practice, this means some new assets listed on our platform may only be available to customers in select jurisdictions for a period of time."

Compared to other exchanges such as Binance and Bittrex, Coinbase has been more cautious in adding new cryptocurrencies onto its platform.

The company's focus on compliance naturally led the Coinbase team to create products that can handle the demand from institutional investors, as seen in the release of Coinbase Custody in July.

With Coinbase Custody established and a strong customer service department in place, which the exchange was criticized for in its early days, the company is moving forward with its plans to integrate more digital assets on its platform to provide liquidity to the global market and more investment opportunities to its investors.

Already projects are permitted to apply with Coinbase utilizing the "Digital Asset Framework," a set of criteria that the exchange will use to determine whether digital assets meet the demands of US regulators and the exchange.

"With this shift in process, our customers can expect us to list most assets over time that meet our standards. Because listing announcements will become more frequent, we expect to publicly announce the addition of new assets only at or near the time of public launch across one or more Coinbase products."

Initially, the announcement of Coinbase led all five cryptocurrencies to massively surge in price and volume, but their strong momentum was short lived as the community realized that the integration of new assets on Coinbase is expected to be a long process.

BAT, the native cryptocurrency of the Brave Browser, which already has more than 3 million users and 30,000 content creators, has also increased by around 8 percent against both the US dollar and Bitcoin following the release of the statement of Coinbase.