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Coinbase launches Asset Hub for free token listing
Coinbase launches Asset Hub for free token listing
Crypto

Coinbase launches Asset Hub for free token listing

By Alfredo de Candia - 15 Jan 2021

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Without any previous information, the US crypto exchange Coinbase, one of the most popular in the crypto industry, has announced the launch of a new service called Asset Hub, which will allow anyone to list a token.

Specifically, the Asset Hub service is a platform that will allow anyone to list their token on Coinbase and trade it with various pairs.

Listing on centralized exchanges

Usually, centralized exchanges have to approve – and often be paid very high fees for – a crypto or token before listing it. These procedures are completely arbitrary and time-consuming, e.g. a new token might already be listed after a few days, as in the case of the Uniswap (UNI) token, while others have to wait years before an actual listing.

Not surprisingly, in terms of content and asset diversity, Coinbase certainly doesn’t shine, as it has barely over forty listed assets, which is a very small number, especially when compared to other exchanges that have more than 200 crypto assets.

From the press release, we learn that Coinbase has so far traded a total of $320 billion and has 35 million verified users.

How does Coinbase’s Asset Hub work

Clearly, this does not mean that it is now possible to list anonymous tokens with this new service, because the procedure involves several steps and also requires legal information about the project. Coinbase requires information on whether there is a company behind the token or not, and also asks whether the token is a security or not, with a certificate to be attached to the application for listing.

In any case, it is certainly an interesting service that could open the doors to all those projects that do not have the possibility to access the major exchanges because of the high costs involved.

Alfredo de Candia
Alfredo de Candia

Android developer for over 8 years with a dozen of developed apps, Alfredo at age 21 has climbed Mount Fuji following the saying: "He who climbs Mount Fuji once in his life is a wise man, who climbs him twice is a Crazy". Among his app we find a Japanese database, a spam and virus database, the most complete database on Anime and Manga series birthdays and a shitcoin database. Sunday Miner, Alfredo has a passion for crypto and is a fan of EOS.

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