It has been announced. The US based Bitcoin and Ethereum exchange, Coinbase will support more cryptocurrencies in 2017!
Co-founder and CEO at Coinbase, Brian Armstrong, announced the news in a recent blog post:
“As we kick off 2017, I think it’s important for Coinbase and GDAX to continue supporting more crypto currencies. We are no longer just a Bitcoin company. We are a digital currency company.”
He went on.
“It’s incredibly difficult to predict the future and the digital currency industry is no exception…Rapid change seems to be the only certainty. For this reason, you’ll see Coinbase and GDAX continue to support more crypto-currencies in 2017. As the most popular retail exchange (Coinbase) and institutional exchange in the U.S. (GDAX), we want to make it easy for people to use all types of digital currencies.”
“I think an open payment network is where the greatest potential lies for digital currency to improve the world (hence our mission at Coinbase: to create an open financial system for the world). But I’ve come to accept that Bitcoin may not fill this role, and that is ok. It is still a very valuable technology in the world as an asset class, and that is perfectly fine”
“Our goal going forward is to not play favorites, or support one digital currency more than any other, but simply to make it easy for customers to buy and sell whatever digital currencies they want. In this way, we can help support growth of the entire digital currency industry”
It is clear that the crypto industry is still in it’s infancy. And it is good that the people at Coinbase realize this.
Bitcoin is not the end all be all. Ethereum is shaping up to be a competitor, but the market will bring many more blockchain based currencies to fruition. Coinbase is prepping to provide more value to a larger number of people. We commend them for this.
Multi-chain Wallet Convenience.
Coinbase is one of the few wallet providers that let’s you store more than one cryptocurrency.
Currently coinbase offers features for both Bitcoin and Ethereum. You can buy sell, trade, or hold these digital assets on Coinbase.