Cryptocurrency exchange Coinbase is the go-to place for buying and exchanging cryptocurrencies — as long as you’re fine sticking to Bitcoin, Litecoin, Ethereum and Bitcoin Cash. But Coinbase is actively looking at adding support for additional cryptocurrencies, Coinbase CTO Balaji Srinivasan said at TechCrunch Sessions: Blockchain today in Zug, Switzerland.
In June, Coinbase announced it would expand its support for just four cryptocurrencies to five, to include Ethereum Classic (ETC) “in the coming months.” Earlier this year, Coinbase also announced its intent to add some ERC 20 tokens.
And more is coming. While Srinivasan wouldn’t say which other cryptocurrency support is on Coinbase’s horizon, he said to “look for a lot of announcements over the months to come.”
Srinivasan also compared Coinbase to the mullet hairstyle — business in the front, party in the back.
“Coinbase is a mullet in the sense we interface with banks and governments and then there’s the crypto space,” Srinivasan said.
Coinbase’s general strategy with adding new cryptocurrencies to its platform is to maintain good relationships with banks, governments, and those in the crypto and blockchain spaces. In a sentence, Srinivasan said, Coinbase’s goal is “to mainstream cryptocurrency, to mainstream blockchain.”
In order to achieve that, he said, that …read more