Search Inside Bitcoins

Coinbase Adds Support for Maker (MKR)

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

Join Our Telegram channel to stay up to date on breaking news coverage

Coinbase, the San-Francisco based cryptocurrency exchange that is often very careful about which assets to list, has just listed Maker on its platform, according to a blog post from the group. The asset is available as of this writing.

Maker (MKR) is an ERC20 utility token. It’s used to manage the DAI stablecoin, the post notes, and should be available to everyone on both the Coinbase website and the iOS/Android mobile applications, with the exception of those in New York state.

As you may know, to provide services in New York, groups must hold a BitLicense which is difficult to acquire. Otherwise, it can not operate in the state.

In other Coinbase news, as InsideBitcoins has previously reported on, Coinbase is considering adding even more assets to its ever-expanding line. The group is examining the following:

“Aave, Aragon, Arweave, Bancor, COMP, DigiByte, Horizen, Livepeer, NuCypher, Numeraire, KEEP Network, Origin Protocol, Ren, Render Network, Siacoin*, SKALE Network, Synthetix, and VeChain”

On top of this, the exchange has recently made some improvements to its backend to prevent any future outages, after it suffered from some already in the past. Since then, they should be ready for any huge surges in traffic and the like.

Join Our Telegram channel to stay up to date on breaking news coverage

Read next