Coinbase Announces New Coin Listing Policy
Leading cryptocurrency exchange Coinbase announced several key changes in its listing policy that will significantly increase its asset offerings, and alter the exchange from a primarily U.S.-focused cryptocurrency curator into a global cryptocurrency platform.
With this shift in process, our customers can expect us to list most high-quality assets over time. If you’ve developed a new digital asset, and it has passed an independent legal and security review, apply to list your asset on Coinbase today: https://t.co/sIXzqXAuiu pic.twitter.com/YoTDkWtt3E
— Coinbase (@coinbase) 25 September 2018
Now project creators can go to listing.coinbase.com to submit an application to list their digital asset on Coinbase. Previously, Coinbase had to make the first move, and therefore bore the responsibility of identifying, selecting and vetting new assets for the platform. And Coinbase will no longer be restricting listed assets to those that comply with U.S. regulation. From now on, added assets will be regional and based on a specific region’s regulatory framework.
In a CNBC “Fast Money” interview, vice president Dan Romero said:
“Ultimately, crypto is a global phenomenon. You have software developers and entrepreneurs around the world building products on top of crypto, and it’s unlocking a lot of use cases, particularly in emerging markets. I think we need to shift as a company to a more global perspective.”
The changes will allow for hundreds, if not thousands, of digital assets to be added to the platform. As of now, the platform supports five currencies: Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC) and Litecoin (LTC).
Coinbase has served more than 20 million customers and supported more than $220 billion in cryptocurrency trades since it was founded in 2012. The exchange operates in 33 countries and has more than 500 employees across six offices in the U.S., Japan and the U.K.
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