Coinbase Custody Exploring VeChain (VET), Tron (TRX), and 35 Other Crypto Assets
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Coinbase Custody, the custodian arm of the top crypto exchange, Coinbase, has in a recent blog post revealed that it is currently exploring a number of crypto assets, including VeChain (VET), Tron (TRX), and 35 others.

Obviously, Coinbase Custody is one of the largest custodians in the world at the moment. Since its emergence in July 2018, it has been providing a secure storage solution for institutions and individuals with huge crypto holdings.

Coinbase Custody Plans to List VeChain (VET), Tron (TRX), and Others

Tron (TRX), VeChain (VET), and some new tokens make the extensive list of assets that could soon be added by Coinbase Custody.

Read Also: VeChain (VET) Listed On Abra Trading Platform for Users in 150 Countries

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Some DeFi tokens that are also gaining the attention of Coinbase Custody include Curve (CRV), the native token of stablecoin-oriented decentralized exchange Curve Finance, Wrapped Bitcoin (wBTC), the most popular ERC20 version of Bitcoin, and Aave (AAVE), the native token of the eponymous Ethereum-based lending protocol.

According to the crypto exchange, the 37 crypto assets that are included in its exploration list might not be available for users in all its supported regions due to regulatory challenges.

The blog post reads in part as follows:

 “We will add custody support jurisdiction-by-jurisdiction, subject to applicable review and authorizations. The omission of assets from this publication does not disqualify any such asset from active review and potential custody support.”

VeChain (VET) Now Stands another Chance

Recall that VeChain (VET) was one of the digital assets under consideration for Coinbase Custody back in August 2018, but it’s yet to be supported until today. However, the digital token now stands another chance to gain Coinbase’s support.

Read Also: VeChain (VET) is Mounting Grand Stage to Deliver Keynote at World AI Conference 2020

According to Coinbase, the crypto assets that made its exploration list could receive custody support in a few months’ time.

The following are cryptocurrencies currently under consideration:

“Aave (AAVE), Amp (AMP), Ampleforth (AMPL), Ankr (ANKR), ArCoin (ArCoin), Audius (AUDS), Barnbridge (BOND), BitTorrent Token (BTT), Centrifuge (RAD), Conflux Network (CFX), Curve (CRV), DFI.Money (YFII), Elrond Gold (EGLD), JUST (JST), JUST Stablecoin (USDJ), Meta (MTA), MovieBloc (MBL), mStable (MUSD), Neo (NEO), Nervos (CKB), Nexus Mutual (NXM), NKN (NKN), NuCypher (NU), Ontology (ONT), Paxos Gold (PAXG), Paxos Standard (PAX), Reserve (RSV), Reserve Rights (RSR), Request Network (REQ), Skale (SKL), SUN Token (SUN), tBTC (TBTC), Terra (LUNA), The Graph (GRT), Tron (TRX), VeChain (VET), WING (WING), WINK (WIN), Wrapped Bitcoin (WBTC).”

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Solomon Odunayo

By Solomon Odunayo

Solomon Odunayo is an accomplished blockchain and cryptocurrency expert at Herald Sheets, known for his in-depth analysis and engaging articles that cater to both beginners and experienced readers. With a degree in Computer Science from the University of Lagos, Solomon leverages his technical background and keen understanding of the crypto space to provide readers with valuable insights and up-to-date news. His passion for innovation and commitment to staying current with industry developments make him a trusted voice in the digital currency community.