After ENJ & ADA, Coinbase Now Considers Adding 100 More Tokens!

San Francisco-based exchange Coinbase is exploring the addition of 100 more tokens and coins as it aims to tap into the rising popularity of Decentralised Finance (DeFi).

Coinbase CEO Brian Armstrong reveals that the exchange is adding more cryptocurrencies to its coin roster in a new interview with CNBC, as he discusses why people should invest in the business. 

He explained that they are not linked to any one cryptocurrency as they are currently adding support for over 100 crypto assets, with more to come in the future.

You know we’re also kind of what you might call an indexed bet or a levered bet on the crypto space, more broadly because we’re kind of selling picks and shovels. We’re helping people access and use this to new technology, so I think we’re going to grow along with the crypto space.”

Coinbase already added eight new digital assets this year: ADA, Ethereum scaling solution Polygon (MATIC), layer-2 scaling solution Skale Network (SKL), decentralized exchange (DEX) SushiSwap (SUSHI), DEX aggregator 1inch, ENJ, peer-to-peer connectivity network NKN, and decentralized commerce and finance project Origin Protocol (OGN).

Last year, Coinbase revealed that it was looking at adding more crypto assets to its trading platform. With the addition of SKL to Coinbase Pro, nine coins are still pending approval:

• Aragon (ANT)
• Arweave (AR)
• DigiByte (DGB)
• Horizon (ZEN)
• Livepeer (LPT)
• KEEP Network (KEEP)
• Render Token (RNDR)
• Siacoin (SC)
• VeChain (VET)

For its custodial platform, Coinbase Custody, the exchange is still examining the chances of supporting 33 coins:

• Amp (AMP)
• Ampleforth (AMPL)
• Ankr (ANKR)
• ArCoin (ArCoin)
• Audius (AUDS)
• Barnbridge (BOND)
• BitTorrent Token (BTT)
• Centrifuge (RAD)
• Conflux Network (CFX)
• Curve (CRV)
• DFI.Money (YFII)
• Elrond eGold (EGLD)
• JUST (JST)
• JUST Stablecoin (USDJ)
• Meta (MTA)
• MovieBloc (MBL)
• mStable (MUSD)
• Neo (NEO)
• Nervos (CKB)
• Nexus Mutual (NXM)
• Ontology (ONT)
• Paxos Gold (PAXG)
• Paxos Standard (PAX)
• Reserve (RSV)
• Reserve Rights (RSR)
• Request Network (REQ)
• SUN Token (SUN)
• tBTC (TBTC)
• Terra (LUNA)
• Tron (TRX)
• VeChain (VET)
• WING (WING)
• WINK (WIN