New Coinbase coin adds were something that people have been eagerly awaiting for the past few months, especially Ripple holders, who have been speculating the addition every few weeks. We have known for some time that Coinbase has been preparing the guidelines for including new assets on the US based regulated exchange and wallet platform.

We knew we were finally near the dipping point when the company announced the purchase of the ERC20 token swapping venture Paradex. A bit later during June, they finally pulled the trigger with announcing the addition of ETC, which wasn’t really the project that many have been waiting for considering that it doesn’t really put down anything to the table except for what Ethereum can already do.

Now a few hours ago Coinbase finally announced several names, but not without a small twist.

Today we are announcing that we’re exploring the addition of the following assets to Coinbase: Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC) and 0x (ZRX). https://t.co/qoECyR0V1f — Coinbase (@coinbase) July 13, 2018

Personally we are happy to see valuable assets like these in the tweet, most if not all have had an own blockchain from start with features already implemented (XLM, Zcash) or rely on Ethereum’s chain, but still have unique features that complement the ecosystem (BAT, ZRX). The only outlier is ADA, which has no main net up and running right now and every feature is still under development, but one can’t deny that the team behind it is a competent one and there is real hype surrounding it.

The only problem here is that Coinbase never guaranteed a listing in this tweet legally speaking, which intention they even highlighted later:

Please note that we are not guaranteeing the listing of any of these assets. We may list them with partial support, or only in specific jurisdictions. In particular, some assets may become available in other countries before the US. — Coinbase (@coinbase) July 13, 2018

This is a strange situation especially because a major exchange that is registered in the US (and is compliant in every possible way) should at this point have clear guidelines on how to deal with certain types of Digital Assets. Before actually reaching the conclusion of announcing these, one would expect that everything is cleared with the SEC regarding exchange and asset guidelines.

Nevertheless this was enough to warrant a decent rise on some of these coins or tokens:

Orders are XLM, BAT, ADA, ZRX, ZEC

Considering that Coinbase has an interesting history with the Bitcoin Cash add drama that resulted in charges for insider trading and market manipulation, it was well awaited that community members or even other businesses will point out the weak points of the announcements.

Kraken revealing that they might add any coin on CMC:

Exciting and important revelation for the community today. Kraken has been contemplating the exploration of maybe adding over 1600 new coins, pending the outcome of our highly sophisticated review process. For a glimpse of the possibilities: https://t.co/dmfd5yr48s — Kraken Exchange (@krakenfx) July 14, 2018

An upcoming decentralized exchange, Altcoin.io announcing the possibility of adding a few hundred coins:

Today we are announcing that we’re exploring the addition of the following assets to our exchange: BTC, LTC, NMC, STC, BCN, PPC, DOGE, FTC, GRC, XPM, XRP, NXT, AUR, KOI, COYE, DASH, NEO, MZC, XMR, XEM, POT, AMP, TIT, XVG, XLM, VTC, ETH, ETC, USDT, DCR, ZEC, BCC, BCH & 500 others. — Altcoin.io Exchange (@altcoin_io) July 13, 2018

Either way we are happy to see new coins being considered on the exchange considering the current crypto atmosphere in the US, at least we know what coins might not count as securities.