Cryptocurrency Prices Soar on News Coinbase Is ‘Exploring’ Adding Five New Assets

The cryptocurrency market experienced a slight bump on Friday, but five altcoins managed to break away from the pack, bolstered by the announcement that cryptocurrency exchange and brokerage giant Coinbase is “exploring” adding support for them to its several platforms.
Earlier today, the San Francisco-based Coinbase announced that it is engaging with discussions with banks and regulators in a variety of jurisdictions about adding support for five new cryptocurrency tokens: cardano (ADA), basic attention token (BAT), stellar (XLM), zcash (ZEC) and 0x (ZRX).
Having learned from past listing fiascos, the firm chose to make the announcement both internally and externally at the same time to reduce its impact on the market and protect itself from allegations of insider trading.
Coinbase also stressed that there is no timeline for when these assets will be listed, as well as the fact that some may ultimately have limited support or none at all, particularly in more-restrictive jurisdictions.