Coinbase Custody explores Tron, VeChain, Ontology and 34 other projects

Coinbase Custody, the research arm of the crypto exchange Coinbase has revealed that it is exploring the addition of 37 new cryptocurrencies.

This latest development was announced in a blog post on October 16 where it detailed an extensive list of cryptocurrencies.

The list included some popular and well-established cryptocurrencies like VeChain and Tron, as well as budding projects like Ontology and BitTorrent. The report also included some tokens from the Decentralized Finance sector that has experienced immense growth in recent weeks.

Some of the major DeFi tokens in the list include AAVE, the native token of the popular Ethereum-based lending platform. Curve (CRV) the native token of Curve Finance and Wrapped Bitcoin (wBTC) which is the popular ERC20 version of Bitcoin.

Coinbase further highlighted that the 37 assets that made its research list might not be available in all of its supported jurisdictions due to regulatory differences.

Our decision to support any asset for custody requires significant technical and compliance review and may be subject to regulatory approval in some jurisdictions. We therefore cannot guarantee whether or when any above-listed asset will be available for Coinbase Custody in any jurisdiction. We will add custody support jurisdiction-by-jurisdiction, subject to applicable review and authorizations.

Coinbase strict criteria

The American based exchange is known for its strict criteria in listing, but has recently listed a few tokens. Filecoin (FIL) was added to its exchange earlier in the week before the launch of its mainnet while FTX (FTT) and Serum (SRM) were also listed as part of its aims to increase its institutional clients in Asia.

VeChain (VET) for example has been on the list of coins being studied by Coinbase since 2018, but is yet to be listed on the exchange. Coinbase is regarded as one of the biggest exchanges and began crypto custody in 2018 before it became mainstream.

The exchange currently has over 500 institutional clients and manages about $14 billion in crypto assets.