Coinbase Dispels Rumors of New Coins to be Added to its Platform

Coinbase, one of the biggest digital currency exchange today has denied claims that it is about to add additional assets to the platform.  

The blog entry posted on January 4, 2018, reveals that “any statement to the contrary is untrue”.

It also added that any news pertaining to the addition of assets to either Coinbase or GDAX is not authorized by the company. Alongside this clarification, Coinbase also shared details on how the company adds assets to its trading platform.

Coinbase process in adding coins

Aptly titled “our process for adding new assets”, the cryptocurrency trading platform giant highlighted its mission to continue being the most “trusted and easy-to-use digital currency exchange.”

The blog also states that the company understands that transparency is a key to building trust.

The information has also been shared via Twitter and has over 2,000 Re-tweets as of this writing.

Part of the blog post announcement reads:

“A committee of internal experts is responsible for determining whether and when new assets will be added to the platform in accordance with our framework.These individuals — and all employees at Coinbase — are subject to confidentiality and trading restrictions. Coinbase will announce the addition of new assets only via our blog post or other official channels.”

Just a few months ago, Coinbase also published their Digital Asset Framework which fundamentally discusses the criteria they have for supporting new assets to be included.

With the intention to also keep their new traders informed on cryptocurrencies, Coinbase likewise puts up a list of articles and podcasts to listen to on a blog entry posted on December 6 to clarify on the recent issues. 

While a few people are skeptical considering their recent stunt by adding Bitcoin Cash despite the fact that it wasn’t included in their original plans.

Several crypto pundits were quick to react to Coinbase statement, including Litecoin founder, Charlie Lee who used to work with the exchange giant as director of engineering. Lee thinks that Coinbase will stand by this statement considering the recent flak they’ve received from arbitrary Bitcoin Cash listing.