Coinbase, the leading US crypto exchange platform, has added another cryptocurrency to its listing plan, putting the token on track to join its growing pool of tradable digital assets.
Hedera (HBAR), an Ethereum (ETH) rival and smart contract platform designed for security and regulatory compliance, might soon begin trading on the exchange.
HBAR holders, according to the project’s website, can use the token to pay network fees or stake.
HBAR is priced at $0.063 at the time of writing. The 39th-ranked crypto asset by market cap is down more than 3.9% in the past 24 hours and over 25% from its August high of $0.084.
Coinbase devised the roadmap this year to promote openness and decrease the potential of listing announcements being ahead of schedule.
CEO Brian Armstrong stated that the exchange intends to list as many crypto assets as feasible as long as they fit the company’s criteria.
“It’s kind of like Amazon or something like that where a product might have three stars or it might have five stars, but if it starts to get one star consistently, it’s probably fraudulent or defective or something and maybe Amazon will remove it. Otherwise, you want to let the market decide what these things are…
My belief is there’s gonna be millions of these assets over time, and so I hope it doesn’t make news every time we add one in the future, basically.”
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