Coinbase considers adding five new coins to its platform

in #crypto6 years ago

 The five digital coins include cardano, basic attention token, stellar lumens, Zcash and 0x. "It wouldn't surprise me to see these things up 20, 30, 40 percent over the weekend," digital trader Brian Kelly said Friday on "Fast Money."  Kelly, founder and CEO of BKCM  LLC, an investment firm focused on digital currencies, said he's "long  almost every single one of them" but would probably choose Zcash and 0x  first. The announcement came Friday in a blog post  that read, "these assets will require additional exploratory work and  we cannot guarantee they will be listed for trading." The San  Francisco-based company went on to say that some assets may have limited  functions and that it has not yet determined if the coins are  securities. In addition, some of them may only be available in select  countries. All five assets moved higher after the announcement. Previously, with the  entire cryptocurrency industry under increased regulatory scrutiny,  Coinbase only traded four coins despite user demand for more. Kelly breaks it down for investors:      Getty Images      

Cardano

Brian Kelly said it is similar to ethereum. "They have working  network," he said. "They have a live road map. That's important. That's  what the [Securities and Exchange Commission] said was important, so  it's not a security."    

Basic Attention Token

This coin is unique in that it offers an ad-free  experience, Kelly said. "You can use Basic Attention Token to pay for  content on the web."    

0X

Pronounced "zero x," this is a decentralized exchange protocol that Kelly said is "up and running."    

Stellar Lumens

Kelly said this token is similar to ripple.    

Zcash

This is a privacy token, "so you can send stuff back and forth without people knowing," he said. Kelly said the digital asset platform Gemini has already said it's going to have Zcash on its platform. "So this one is probably one of the most likely" to be approved by Coinbase, Kelly said.   

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Coins mentioned in post:

CoinPrice (USD)📈 24h📈 7d
ADACardano0.136$5.51%-4.14%
BATBasic Attention Token0.329$22.1%24.81%
XLMStellar0.200$6.39%-2.15%
ZECZcash177.357$11.31%2.62%
ZRX0x0.954$15.78%-0.75%

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