Thursday, April 15, 2021

Coinbase Custody Exploring VeChain (VET), Tron (TRX), and 35 Other Crypto Assets

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

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
Solomon has a growing passion for writing, this propelled him to keenly work on Eagles News Media for about two years before delving into the cryptocurrency and Blockchain industry he finds more interesting. He worked as a crypto Journalist and Editor at NewsLogical before joining Herald Sheets, owing to the priceless experience he has accumulated since he became a contributor in the crypto community.

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