On November 2, 2017, Coinbase/GDAX issued a press release stating their intentions to add new digital assets or tokens in the near future. There are no exact dates or timelines as to when they intend to be adding new digital currencies, but this perfectly lines up with Coinbase’s May blog post where they added Litecoin and stated they would be adding more digital assets over the coming year.
To those not familiar with Coinbase/GDAX, Coinbase is one of the most popular U.S. based online exchanges used for buying, selling, transferring, and storing digital currency. They currently provide trading pairs for Bitcoin, Ethereum, and Litecoin against the user’s native currency in the supported 32 countries. Coinbase is very user friendly while their GDAX trading platform is popular amongst more advanced users.
GDAX has released the framework they will be using to decide which assets to support: GDAX Digital Asset Framework 2017
This is definitely exciting news for the crypto community as it continues to grow!
As a friendly reminder to our readers, rumors are always in full force when news like this is released. A token’s value will likely increase exponentially should it be added onto a large exchange such as GDAX, so there is incentive for individuals to release false rumors. It is important to not buy into rumors due to claims of “insider information” or similar. We are more than confident that an exchange as large and respected as GDAX will not allow any leaks before they announce their intention to list a specific digital asset.
Disclaimer: This article is provided for informational purposes only and should not be taken as investment advice. Please conduct your own independent research before performing any purchase or sale of a cryptocurrency.
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