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Coinbase Adds Support for Civic (CVC), district0x (DNT), LOOM and Decentraland (MANA)

Coinbase android app on black background

Coinbase, arguably the most popular cryptocurrency wallet provider, has added support for four new Ethereum ERC-20 standard tokens – Civic (CVC), district0x (DNT), LOOM network (LOOM) and Decentraland (MANA).

The additions add to the three previous ERC20 tokens that Coinbase added earlier this year, including Basic Attention Token (BAT), USD Coin (USDC) and 0x token (ZRX). It cited the ease of integration and added security as reasons for its recent drive to list more ERC20 tokens.

Users have been given the ability to deposit coins before full trading is enabled in the near future.

In the announcement, Coinbase reiterated previous points regarding concerns over more popular tokens such as Ripple’s XRP, which are yet to be added. The popular wallet and exchange platform has noted several times that it is exploring the possibility of adding Cardano (ADA) and XRP in the future.

The launch of the new ERC20 tokens will be split over four stages, including ‘transfer only’ to enable deposits over a period of 12 hours, followed by ‘post-only’ during which users can post limit orders but without any immediate matching. Coinbase will then proceed with ‘limit-only’ to activate matching and then ‘full-trading’ when all services become available.

Initially, services for the new tokens will be available to users in the US (except New York), the European Union (including the UK), Singapore, Australia, and Canada. As of yet, availability is restricted to Coinbase Pro users and not those on or via mobile apps.

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