Top US-based crypto exchange platform Coinbase is revealing its listing procedures for new altcoins.
According to a new blog post by Coinbase chief product officer Surojit Chatterjee, the crypto exchange’s listing process starts with asset issuers creating an account and submitting an application.
Next, Coinbase’s Digital Asset Listing Group (DALG) evaluates the application using its standard listing evaluation framework to ensure it meets legal and safety requirements.
If approved, the asset is listed on the exchange and closely monitored to ensure it continuously meets the platform’s requirements, according to Coinbase. The exchange says it may decide to de-list certain altcoins if they fall outside of the company’s standards.
Other factors considered include lack of clarity when it comes to fundraising methods and whether the virtual asset was distributed prior to being used for its stated purpose.
“As part of our efforts to level the playing field, listing an asset on Coinbase is, and has always been, free. We don’t charge listing or application fees to asset issuers.
Unlike many exchanges, we also don’t charge prerequisite asset marketing fees or require issuers to adopt Coinbase’s other services. Some have speculated otherwise, but it is simply not true…
Our philosophy is to list every safe and compliant asset – we’re not here to pick winners or losers. We are committed to protecting consumers, however, so we have a rigorous asset evaluation process in place to ensure assets meet our eligibility requirements.”
Currently, Coinbase offers over 212 digital assets for custody and 166 for trading.
Featured Image: Shutterstock/Urboshi
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