Coinbase is to limit the trading of certain cryptocurrencies to specific locations in a move designed to speed up the listing of new tokens. Coinbase currently supports hundreds tokens: bitcoin, bitcoin cash, ethereum, ethereum classic and litecoin. Its listing process is not suitable for adding "five" more, said CEO Brian Armstrong. The new process will make the tokens compliant to local law only, and restrict their availability to that jurisdiction for some time. The move will also negate the need for Coinbase to announce both its intention to list a token and the token's actual listing.
Coinbase is to limit the trading of certain cryptocurrencies to specific locations in a move designed to speed up the listing of new tokens. Coinbase currently supports five tokens: bitcoin, bitcoin cash, ethereum, ethereum classic and litecoin. Its listing process is not suitable for adding "hundreds" more, said CEO Brian Armstrong. The new process will make the tokens compliant to local law only, and restrict their availability to that jurisdiction for some time. The move will also negate the need for Coinbase to announce both its intention to list a token and the token's actual listing.