The Japanese branch of the American crypto exchange Coinbase has increased the supply of listed crypto assets available for trading to 11.
Coinbase Japan Platform announced on Twitter about expanding the list of crypto assets available to users for trading. The offer was supplemented by five cryptocurrency assets at once: Chainlink (LINK), Enjin Coin (ENJ), OMG (OMG), Ethereum Classic (ETC) and the Basic Attention token (BAT).
The listing increase in Coinbase Japan’s trading offering became possible after the Japan Virtual and Crypto Asset Exchange Association (JVCEA) announced its intention to simplify the listing process. This allowed local exchanges to obtain regulatory approvals on an accelerated basis, especially in cases where an exchange wants to list an asset previously listed on a competitor’s platform.
Until recently, the audit and approval process for the listing of new tokens in the JVCEA could take six months or more.
Thus, the Coinbase Japan exchange took advantage of the current legislation and almost doubled its trading offer.
Cryptocurrency exchange Coinbase previously told users that amid growing political influence in the industry, it will post information about lobbying for digital assets and decisions of local authorities regarding the industry. Coinbase CEO Brian Armstrong said that this will help the platform’s 103 million verified users know what steps local political and industry leaders are taking towards cryptocurrencies.
Source: Bits
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