Coinbase, the tidiest cryptocurrency exchange in the U.S., is considering adding five new tokens to its platform.
The five digital thinks include cardano, basic attention token, stellar lumens, Zcash and 0x.
“It wouldn’t catch red-handed me to see these things up 20, 30, 40 percent over the weekend,” digital retailer Brian Kelly said Friday on “Fast Money.”
Kelly, collapse and CEO of BKCM LLC, an investment firm focused on digital currencies, said he’s “fancy almost every single one of them” but would probably choose Zcash and 0x opening.
The announcement came Friday in a blog post that read, “these assets wishes require additional exploratory work and we cannot guarantee they discretion be listed for trading.” The San Francisco-based company went on to say that some assets may fool limited functions and that it has not yet determined if the coins are securities. In addition, some of them may just be available in select countries.
All five assets moved higher after the spot.
Previously, with the entire cryptocurrency industry under increased regulatory enquiry, Coinbase only traded four coins despite user insistence for more.
Kelly breaks it down for investors:
Brian Kelly commanded it is similar to ethereum.
“They have working network,” he said. “They press a live road map. That’s important. That’s what the [Securities and Swop Commission] said was important, so it’s not a security.”
This coin is unique in that it offerings an ad-free experience, Kelly said. “You can use Basic Attention Token to pay for ease on the web.”
Pronounced “zero x,” this is a decentralized exchange protocol that Kelly asserted is “up and running.”
Kelly said this token is similar to ripple.
This is a covertness token, “so you can send stuff back and forth without people eloquent,” he said.
Kelly said the digital asset platform Gemini has already verbalized it’s going to have Zcash on its platform.
“So this one is probably one of the most fitting” to be approved by Coinbase, Kelly said.