In their most recent announcement, one of the most important cryptocurrency exchanges in the world, Coinbase, revealed their new listing policy.
“A new listing process will allow us to rapidly add most digital assets that meet our standards and are compliant with the local law while providing our customers with the tools to discover, evaluate, trade, and use digital assets,” the company unveiled.
Compliance With Local Laws
As a regulatory compliant company, Coinbase is taking a different approach to new cryptocurrency listings.
Many different jurisdictions allow trading of certain cryptocurrencies and forbid the others. Thus, Coinbase is going to comply with different sets of rules and list only those assets that are in accordance with the given government’s regulation.
Even though the individual approach could prove to be more complicated for the company, not all cryptocurrencies are going to be available for trading on Coinbase exchange in every country.
Small Number Will Become Substantially Bigger
Up until now, Coinbase supported only Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), and Litecoin (LTC) trading on their platform.
Nevertheless, even before the recent announcement about the change of listing policy, in July, the exchange announced that they were seriously considering to add the support for Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC) and 0x (ZRX), which is probably going to happen with the new campaign.
“With this shift in process, our customers can expect us to list most high-quality assets over time,” the exchange declared.
Listings Review Process
Coinbase also revealed the process which all pretendants for listing have to pass through.
- An initial review by Coinbase’s internal asset selection committee.
- A legal and risk review phase.
- An approval process from the Coinbase executive committee.
- A specific assessment of core code and engineering facilities.
- The final assessment of the asset’s liquidity capabilities, price stability, and financial performance.
Coinbase is Responding to Customers’ Needs
According to the vice president, and general manager of Coinbase Consumer, Dan Romero, “It’s responding to what customers want. Adding more assets is directly something customers are telling us.”
“So, ultimately, by adding more assets, we are going to increase trust and make the platform easy to use for customers,” Romero explained and added that more tradeable cryptocurrency assets are going to make Coinbase more competitive on the market.
The Race is On
The change of the policy can very well mark the ending of Coinbase’s entry/exit exchange reputation.
Many users were using the exchange as a platform for exchanging FIAT for some of the most traded coins, which were then transferred to other cryptocurrency trading platforms with a wider choice of assets, or vice versa.
With the new approach and its regulatory compliance, Coinbase threatens to overthrow the established industry’s giants.
I like the helpful information you supply on your articles. I?ll bookmark your blog and take a look at once more here frequently. I am moderately sure I?ll learn a lot of new stuff proper right here! Good luck for the next!
Attractive section of content. I just stumbled upon your web site and in accession capital to assert that I get actually enjoyed account your blog posts. Anyway I will be subscribing to your feeds and even I achievement you access consistently quickly.
Its such as you read my mind! You seem to understand a lot about this, such as you wrote the ebook in it or something. I feel that you simply can do with a few p.c. to power the message house a bit, however other than that, this is fantastic blog. A great read. I’ll certainly be back.
I like your blog. It sounds every informative.
Thanks for the good writeup. It in fact used to be a leisure account it. Glance complex to more introduced agreeable from you! However, how can we keep up a correspondence?
I think this is a real great article.Much thanks again. Really Great.
Thanks for sharing your ideas listed here. The other point is that if a problem arises with a pc motherboard, people today should not go ahead and take risk of repairing this themselves for if it is not done properly it can lead to permanent damage to the full laptop. In most cases, it is safe just to approach your dealer of any laptop for that repair of the motherboard. They’ve got technicians who may have an experience in dealing with mobile computer motherboard complications and can make the right prognosis and execute repairs.
Hi, I just hopped over to your web-site through StumbleUpon. Not somthing I might typically browse, but I liked your views none the less. Thanks for making something worthy of reading through.
Thank you for content.I have not checked in here for some time because I thought it was getting boring, but the last several posts are good quality so I guess I will add you back to my daily bloglist. You deserve it my friend 🙂<a href="온라인바카라Thanks for sharing thanks a lot.
Hi, Neat post. There is a problem with your web site in internet explorer, would check this? IE still is the market leader and a large portion of people will miss your great writing due to this problem.