Coinbase illustrates Token-Listing guideline
Coinbase illustrates Token-Listing guideline

- Listing a wealth value on Coinbase is a toll -free process, but compliance and security have top priority
- old coins can be decoted if they do not meet the standards or if new facts become known
The Coinbase cryptocurrency exchange has interpreted its asset listing process in such a way that there are no charges. Issuers are not charged to apply for and list their assets on the crypto exchange, the company said in a Blog entry published on Tuesday.
The first step for issuers of assets who want to list an altcoin is to create a coin base. Asset hub "account and submit an application with relevant details.
A special internal committee called Digital Asset Listing Group then makes a decision based on a review from compliance, legal and security perspective. CEO Brian Armstrong and other board members are not voting members of the group, according to to the company.
"Our philosophy is to list all the safe and compliant asset - we are not here to choose winners or losers," said Coinbase in his blog.
After approval by the DALG, the asset is listed on Coinbase. The mere approval does not implicit the approval of the assets-simply that it fulfills the listing criteria of the stock exchange, explained the crypto exchange. Coinbase also warned that an asset can be deleted from the list if it no longer fulfills the necessary standards or if new facts are uncovered.
The publication of the asset listing process takes place about a month after Coinbase has announced a change in its approach in the face of insider trade allegations.
Some observers Wies It is then that large sums were put in token, shortly before their quotes were announced on Coinbase. Armstrong admitted the allegations and said that the company was working with external law firms that use forensic blockchain analyzes to uncover unjustified activities of coinbase employees.
The concern does not only affect coin base. In May the Wall Street Journal emphasized Analysis from A little New York startup specializes in compliance, which indicates insider trade activities on the world's largest cryptoasset exchange.
Coinbase offers 212 assets for custody and 172 for trade. The shares of Coinbase have so far fallen by 72.8 % this year, according to the data from Handelsicht . The entire trading volume decreased by 44 % to $ 309 billion in the first quarter compared to the previous quarter.
The article Coinbase clarifies token-listing guidelines is not a financial advice.