The US-based Coinbase cryptocurrency exchange platform, with more than 13 million users in more than 190 countries, announced yesterday that it’s changing its cryptos listing process. According to a post on Coinbase’s official blog, the goal of this new policy is to “quickly list all digital assets that meet our standards and comply with local laws.”
“Today we announced a new process that will allow us to quickly list the majority of digital assets that comply with local laws, satisfying requests for quotes on a jurisdiction-by-jurisdiction basis. In practice, this means that some new assets listed on our platform may only be available to clients in selected jurisdictions for a period,” stated Coinbase yesterday.
Coinbase cryptocurrency exchange platform plans a “secure” adoption of new cryptocurrencies, and, for this, interested developers will have to fill out a form, which will then be evaluated by Coinbase’s team on the basis of a “digital assets framework.” Both tools will be continuously improved, as explained in the announcement.
Coinbase adopted new rules regarding cryptocurrencies listing
“At our discretion, we may choose to list some digital assets on the basis of our own evaluation, even in the absence of an application. In other cases, we will try to give quick and specific reasons for the approval or rejection of particular assets,” Coinbase stated.
The US-based Coinbase cryptocurrency exchange has left behind the practice of announcing in advance the adoption of more cryptocurrencies. The crypto-related company has pointed out that listing of new cryptos would become a more frequent practice, and they will only publicly announce the support of new cryptocurrencies at the time of their launch.
In this regard, you should note that every time Coinbase, the renowned US-based cryptocurrency exchange platform, made announcements in advance, the cryptocurrencies in question recorded a significant increase in their prices.
Ian Kennedy is the newest contributor to Crypto Daily Gazette. He enjoys running, practicing minimalism and cooking. Ian is a graduate of Wesleyan University in Connecticut where he studied journalism, Arabic and international affairs. Ian mostly covers stories concerning emerging blockchain technology.