Coinbase Considers 30+ Cryptos: Coinbase Pro Lists Civic, distrixt0x, Loom Network, Decentraland

Today, Coinbase announced it is considering 30 plus different cryptocurrencies to list on its platform, following the listing of Civic, district0x, Loom Network, and Decentraland on Coinbase Pro.

The company has listed four new ERC20 tokens on its platform today, including CVC, DNT, LOOM, and MANA. The move follows the decision by Coinbase to include other ERC20 tokens.

During the process, those watching the listing process may see Coinbase launch new public-facing APIs, or other signs that the company is conducting engineering work geared toward supporting these new assets.

In the announcement, Coinbase stated that they will accept deposits sometime today, and will enable trading within 48 hours after deposits are enabled.

Only Coinbase Pro users will have access to trading in the following jurisdictions: U.S., U.K., European Union, Canada, Singapore, and Australia.

Prior to full trading, Coinbase will gradually ramp-up trading options in hopes trading will begin smoothly.

Transfer Only: Starting sometime today, customers will have the option to transfer CVC, DNT, LOOM, and Mana into a Coinbase Pro account.

Although Coinbase has recently introduced a new listing process in an "Effort to increase the number of tokens" listed on the platform-including its announcement considering its thirty-plus cryptos-the company has still fallen behind on the number of assets available, especially when compared to major exchanges.

Coinbase Pro currently has only 12 different cryptocurrencies available for trading.

As one of the most valuable companies in the crypto space, it is possible that Coinbase can leverage its access to retail customers and gain a foothold in the U.S. market-allowing it to compete with major exchanges, such as Binance.