One of the largest and most trusted cryptocurrency exchanges, Coinbase have recently announced that they’re exploring the support of 18 new cryptos on their platform for 2020. The release of this information could potentially be good for the prices of these new Coinbase coins. In this post, we’ll look at the announcement and into each of these potential additions.
What New Cryptos Will Coinbase Support?
Coinbase announced in a blog post from June 10th 2020, that they are currently exploring the support for the following tokens; Aave, Aragon, Arweave, Bancor, COMP, DigiByte, Horizen, Livepeer, NuCypher, Numeraire, KEEP Network, Origin Protocol, Ren, Render Network, Siacoin*, SKALE Network, Synthetix, and VeChain.
When Will the New Tokens Be Available?
They are yet to announce a timeline for listing these assets. As Coinbase states that the process requires “significant technical and compliance review”, in addition to some regulatory approval.
They’ve stated that they “will add new assets on a jurisdiction-by-jurisdiction basis, subject to applicable review and authorizations,”. And that “customers can expect Coinbase to make future, similar announcements as we continue to explore the addition of numerous assets across the platform.”
As part of their process, “Coinbase users may see public-facing APIs and other signs that we are conducting engineering work to potentially support these assets“.
This information could potentially be good for the prices of these tokens. For example, one of the reasons for MakerDAO’s recent influx in price has been given credit to being added on Coinbase. Plus on the announcement of Stellar Lumens being added the token gained around 6% on the day.
New Potential Assets Coming to Coinbase
There are (potentially) a total of 18 new Coinbase coins joining the exchange. If you’re not too sure what they are, or their purpose below is a brief summary of each.
Prior to its rebrand to Aave, this project was previously known as ETHLend. One of the very first Defi lending platforms launched back in 2017. With Aave, users can earn interest on deposits and borrow assets. Their ‘LEND’ ERC20 token, is the native token for the Aave protocol.
AAVE (LEND) Price
How to Buy AAVE (LEND) Tokens?
Aave (LEND) tokens can be purchased on the likes of Binance and HitBTC.
The Aragon (ANT) project is led by Luis Cuende (featured in Forbes 30 under 30 for technology). It’s a decentralized platform built on the Ethereum network. Which offers a modularized way to create and manage dApps, cryptoprotocols, and decentralized autonomous organizations (DAO). The ANT ERC-20 token will enable its holders to govern the Aragon Network.
Aragon (ANT) Price
How to Buy Aragon (ANT) Tokens?
Aragon (ANT) tokens can be purchased on exchanges such as; Bittrex, Bitfinex and HitBTC.
Arweave is a new type of storage that backs data with sustainable and perpetual endowments. Allowing users and developers to truly store data forever. As a collectively owned hard drive that never forgets, Arweave allows us to remember and preserve valuable information, apps, and history indefinitely. Preserving history, it prevents others from rewriting it.
Arweave (AR) Price
How to Buy Arweave (AR) Tokens?
Arweave (AR) tokens can be purchased on MXC, Hoo or Bilaxy.
The Bancor Network is a cross-chain cryptocurrency conversion platform that lets you convert between Ethereum and EOS tokens without the need for a middleman or other third party. The Bancor Network Token (BNT) is the intermediary token used by Bancor to initiate exchanges. Plus, it’s both an ERC-20 token and an EOS token.
Bancor (BNT) Price
How to Buy Bancor (BNT) Tokens?
The Bancor (BNT) tokens can be purchased on the likes of Binance, HitBTC, Poloniex and Bitfinex.
Compound Finance recently introduced a governance token, “COMP”. This allows the token holders and delegates to vote on important protocol decisions like new collateral types, borrowing power, and interest rate models. COMP holds no economic benefits and is solely used to vote on protocol proposals.
Compound Finance (COMP) Price
No pricing information found at this time.
How to Buy Compound Finance (COMP) Tokens?
No exchanges found at this time.
DigiByte is an open-source blockchain, created in 2013 and released in early 2014 by DigiByte founder Jared Tate. The DigiByte token can be used as a payment method, like a fiat currency, or a store of value. The coins are similar to gas in Ethereum, in that they run the DigiAsset smart contract network.
DigiByte (DGB) Price
How to Buy DigiByte (DGB) Tokens?
The DigitByte (DGB) token can be purchased on KuCoin, Bittrex, Bittylicious and HitBTC.
Horizen (formerly called ZenCash) is a privacy-focused, blockchain platform that forked from Zclassic, itself a Zcash fork. The Horizen network includes a decentralized autonomous organization (DAO), ZenChat (a private messenger), ZenPub (an anonymous publishing platform), and ZenHide (TOR-like endpoint masking). The ZEN token is the native cryptocurrency coin used by the Horizen network.
Horizen (ZEN) Price
How to Buy Horizen (ZEN) Tokens?
The Horizen (ZEN) tokens can be found on Binance, Bittrex and HitBTC
Livepeer is an open-source video infrastructure service built on the Ethereum Blockchain. For video engineers who need affordable, reliable video encoding, Livepeer leverages decentralization to enable use cases and business models that were never possible via proprietary, centralized cost structures. Token holders are able to bond their token towards a Transcoder to perform work on their behalf and earn newly mined tokens.
Livepeer (LPT) Price
How to Buy Livepeer (LPT) Tokens?
You can purchase Livepeer (LPT) tokens on exchanges such as Poloniex, IDEX and CITEX.
NuCypher is a data encryption and protection layer for Ethereum and decentralized applications that do not rely on a central service provider. The protocol, which the team calls a decentralized key management system (KMS), aims to give developers the ability to store, share, and manage private data on public blockchains. Developers receive this encryption service via a network of NuCypher nodes in exchange for a fee (paid for in ETH). Participants can only spin up a node by staking NuCypher’s token, on the network as collateral.
NuCypher (NU) Price
No information found at this time.
How to Buy NuCypher (NU) Tokens?
No exchanges found at this time.
Numeraire (NMR) is a cryptocurrency of Numerai, a data science tournament that powers the Numerai hedge fund. It uses technologies such as cryptographic encryption and artificial technology. NMR is the digital token asset that is used to pay for services on the Numerai network.
Numeraire (NMR) Price
How to Buy Numeraire (NMR) Tokens?
The Numeraire (NMR) token can be purchased on Bittrex, HitBTC, and Poloniex.
Keep Network (KEEP)
The Keep Network is a privacy layer for Ethereum. Keep’s native token, KEEP, powers the network and supports all the apps that are and will be built on it. KEEP is required in order for someone to become a member of the Keep network and members are eligible to earn rewards by performing work on the platform.
Keep Network (KEEP) Price
How to Buy Keep Network (KEEP) Tokens?
The Keep Network (KEEP) tokens can be purchased on Bilaxy, Hoo and Loopring Exchange.
Origin Protocol (OGN)
Origin’s mission is to enable true peer-to-peer commerce. Using Origin, buyers and sellers can meet and transact directly without any intermediaries. Users can earn Origin Tokens (OGN) by verifying their profiles, referring friends and family to Origin, sharing news about Origin on social media, and making purchases from our featured sellers.
Origin Protocol (OGN) Price
Where to Buy Origin Protocol (OGN) Tokens?
You can buy the Origin Protocol (OGN) tokens on the likes of Binance, MXC and Bittrex.
Originally launched as the Republic Protocol in 2017, the Ren Project was formed in 2019 as a new initiative to focus on a private and interoperable liquidity layer for decentralized finance (DeFi). With Ren, users will be able to freely move value between any two blockchains, transferring tokens while maintaining complete privacy. The REN Tokens are used as a proxy to perform work on the network.
Ren (REN) Price
Where to Buy Ren (REN) Tokens?
You can buy Ren (REN) tokens on the likes of Binance or HitBTC.
Render Network (RNDR)
The Render Network, through the use of RNDR tokens, is the first network to transform the power of GPU computing into a decentralized economy of connected 3D assets. The RNDR token is powered by breakthrough cloud rendering technology, creating a distributed global network of millions of peer-to-peer GPU devices.
Render Network (RNDR) Price
When to Buy Render Network (RNDR) Tokens?
The Render Network (RNDR) tokens can be purchased on Hoo and ProBit Exchange.
Sia is the leading decentralized cloud storage platform. No signups, no servers, no trusted third parties. Sia leverages blockchain technology to create a data storage marketplace that is more robust and more affordable than traditional cloud storage providers. Users who wish to store their files on Sia’s platform are required to pay for the services with Siacoins. In addition, hosts will be paid in Siacoins for renting out their hard drives. Although Coinbase is exploring SiaCoin they are not currently exploring support for Siafunds.
SiaCoin (SC) Price
Where to Buy SiaCoin (SC) Tokens?
The SiaCoin (SC) token can be purchased on the likes of Binance, Kraken and Bittrex.
SKALE Network (SKL)
The SKALE Network is designed specifically to improve the user experience of dApps while significantly increasing speeds, dramatically lowering costs, and creating seamless workflows for end-users and devs. The SKL utility token is an important part of the network infrastructure. In just a few clicks, you can use the Activate platform to stake your SKL tokens and start earning network rewards.
SKALE Network (SKALE) Price
No information found at this time.
Where to Buy SKALE Network (SKL) Tokens?
No exchanges found at this time.
Synthetix is a token trading platform built. on Ethereum, allowing users to bet on crypto assets, stocks, currencies, precious metals, and other assets in the form of ERC20 tokens. Synthetic assets called Synths are created by staking Synthetix Network Tokens (SNX) as collateral.
Synthetix (SNX) Price
Where to Buy Synthetix (SNX) Tokens?
The Synthetic (SNX) tokens can be purchased on exchanges such as CoinEx, KuCoin and Poloniex
VeChain is a blockchain-based platform that records the truth of what happens at every stage of the supply chain. It combines physical tracking with blockchain records to keep tabs on real-world products from production to delivery, helping to prevent fraud and increase transparency. VET is the payment used in VeChain’s system. The more VET a person or enterprise holds, the higher priority when it comes to using the blockchain’s resources.
VeChain (VET) Price
Where to Buy VeChain (VET) Tokens?
The VEChain (VET) tokens can be purchased on exchanges such as Binance, HitBTC and KuCoin.
*After you make a crypto purchase, BTC will be added to your portfolio. Limited time offer. Offer available to new users only. Offer not available to new users who were referred to Coinbase through the Referral Program or who have previously opened an account using the different contact information. Coinbase may update the conditions for eligibility at any time.
“Cryptocurrency is not regulated by the UK Financial Conduct Authority and is not subject to protection under the UK Financial Services Compensation Scheme or within the scope of jurisdiction of the UK Financial Ombudsman Service. Investing in cryptocurrency comes with risk and cryptocurrency may gain in value, or lose some or all value. Capital gains tax may be applicable to profits from cryptocurrency sales.”