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2 June 2023
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Coinbase mulls listing 18 new tokens, including DigiByte, Synthetix

San Francisco-based crypto exchange Coinbase may soon be going on another token listing spree, with DigiByte, Bancor, Horizen, and others as contenders.

In brief

  • Coinbase announced that it is considering adoption of 18 additional tokens.
  • The exchange has started exploring adoption of tokens that are not yet launched.
  • The list includes DeFi tokens, which are collectively surging in value of late.

Coinbase is exploring adoption of an additional 18 tokens, the cryptocurrency exchange announced today in a blog post, including considering tokens that are not yet launched.

The 18 tokens that the company is considering are: Aave, Aragon, Arweave, Bancor, COMP, DigiByte, Horizen, Livepeer, NuCypher, Numeraire, KEEP Network, Origin Protocol, Ren, Render Network, Siacoin (but not Siafunds), SKALE Network, Synthetix, and VeChain.

“Today, we are announcing our intention to explore assets that have not launched and which Coinbase may choose to support in the future,” reads the post. “We will continue to evaluate prospective assets against our Digital Asset Framework to assess factors like security, compliance, and the project’s alignment with our mission of creating an open financial system for the world.”

According to the post, users may see signs of engineering work and public-facing APIs around the considered tokens, although Coinbase has not yet confirmed the addition of any of them. Regulatory compliance issues could slow or prevent certain coins from being listed in particular jurisdictions, as well.

DigitByte (DGB) is one of the standout tokens on the list, given the cryptocurrency’s explosive growth in recent weeks. The price had surged 930% over the span of two months this spring, but then dropped 20% after founder Jared Tate announced that he would take a step back. Even so, the price remains dramatically higher than it was at the start of the year.

Other tokens of interest include Synthetix and Bancor, both of which fall under the “DeFi tokens” banner. Earlier this week, DeFi Market Cap reported that the total value of DeFi tokens passed the $2 billion barrier over the weekend—just weeks after hitting the $1 billion mark.

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