Coinbase Could Add 18 New Cryptocurrencies Including VeChain Soon

The list of cryptocurrencies on the available exchanges is growing month by month. In the latest crypto news, we can see that Coinbase could add 18 new cryptocurrencies this month including VeChain (VET), Synthetix and DigiByte.

If you are reading our news daily, you probably know that this is a big addition for the exchange. For now, Coinbase is touted as the largest cryptocurrency exchange in the United States and it is apparently considering offering support for a variety of new digital assets.

A new June 10 blog post from the exchange confirms that Coinbase could add 18 new digital assets including Aave (LEND), Aragon (ANT), Arweave (AR), Bancor (BNT), Compound Coin (COMP), DigiByte (DGB), Horizen (ZEN), Livepeer (LPT), NuCypher (NKMS), Numeraire (NMR), KEEP Network, Origin Protocol (OGN), Ren (REN), Render Network (RNDR), Siacoin (SC), SKALE Network, Synthetix (SNX), and VeChain (VET). However, Coinbase is not considering adding Siafunds (SF).

Traders following our VeChain news are probably excited for VET as one of the biggest coins in this list. However, the exchange did not give a clear timeline for listing these assets. Instead, the blog said that the process required “significant technical and compliance review” in addition to certain regulatory approval. As a spokesperson from the company stated in an announcement:

“We will add new assets on a jurisdiction-by-jurisdiction basis, subject to applicable review and authorizations. Our customers can expect Coinbase to make future, similar announcements as we continue to explore the addition of numerous assets across the platform.”

Meanwhile, Coinbase Custody (the international institutional cryptocurrency holdings arm of the exchange) appears to have accidentally announced the listing of Tether (USDT) as part of the token expansion for the platform. Coinbase could add more coins on top of this, but the expansion of USDT has been announced in a tweet earlier today – and after short time, the tweet was deleted.

While Coinbase could add the support for the digital assets (as listed above) this month, the bullish behaviour is not there on the market. Still, analysts are certain that the bullish behaviour can come through once the changes are made and the cryptocurrencies are added to Coinbase.