In its ongoing effort to expand its asset offerings and enhance transparency, Coinbase has announced the addition of three new cryptocurrencies to its roadmap: QCAD (QCAD), Moo Deng (MOODENG) and MOG Coin (MOG). These additions also demonstrate that Coinbase has been focused on the legal, compliance, and technical process of listing a variety of assets that meet the criteria the firm has set.
Assets added to the roadmap today: MOG Coin (MOG)https://t.co/rRB9d3hSr2
— Coinbase Assets (@CoinbaseAssets) December 3, 2024
New Assets on Coinbase’s Roadmap
Coinbase announced these changes in a blog post and via their official Twitter handle on the 3rd of December in 2024. Among the new listings are:
QCAD (QCAD), an ERC-20 token on the Ethereum blockchain
Moo Deng (MOODENG), a Solana SPL token
MOG Coin (MOG), available on the Base network
Experimental Label for New Listings
Coinbase clarified that these newly added assets could be listed under the “Experimental” category. This is a term used to draw attention to more peripheral, or newer breeds, of digital currencies. These are now on the platform’s roadmap. However, trading and transfers are not yet possible until a formal announcement of a listing is made.
Commitment to Transparency and Security
Coinbase reaffirmed its goal to bring as many assets to the listing as possible as long as they meet the company’s high criteria. This includes proper assessment of legal compliance and technical security requirements among others. The exchange was quick to point out that its decision is not influenced by market cap or the project’s popularity among the investors.
It also advised users against transferring unsupported tokens to Coinbase; doing so meant that users risked losing their money irretrievably. Similarly, Coinbase has included disclaimers that assets on the roadmap may be delayed or completely removed from the roadmap if they do not meet certain listing standards during the final evaluation.
What This Means for Traders
From the perspective of dedicated crypto users, the inclusion of QCAD, MOODENG, and MOG Coin is a testament to the company’s commitment towards expanding the availability of cryptocurrencies.
More to the point, the platform remains enthusiastic about its disclosure of assets to ensure that it will continue to be trusted by the members of the crypto market and the world at large, given that it is among the most renowned global exchanges.