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Coinbase’s New Asset Listing Process Will Enable Rapid Cryptocurrencies Listing

On Tuesday, Coinbase announced their latest policy for adding assets. As a major change in the process, the site will now allow the developer teams behind cryptocurrencies to fill out an application form to enlist their token on Coinbase. The Coinbase team will then evaluate the token as it has done in the past and approve or reject the application accordingly.

“Because listing announcements will become more frequent, we expect to publicly announce the addition of new assets only at or near the time of public launch.”

The press release by the firm states the aim of the policy as:

Furthermore, abiding by country and state-based crypto regulations, Coinbase will begin with offering only certain token outside the U.S., “in a jurisdiction-by-jurisdiction manner.”

 “Our new policy basically pre-announces assets to avoid exactly that kind of issue [that happened when it added bitcoin cash]. We announce the intent, then we go and list it. We’re really just trying to be extremely above-board with everything that we’re doing.”

“This is an evolution of the current process. We looked at what was working and what wasn’t and found that having multiple announcements wasn’t in the best interests of our customers.”

“augment our quality control by adding star ratings, rankings, and reviews to help users learn about assets.” 

“to give anyone — no matter where they live — trustworthy and secure access to a more open, blockchain-based financial system.” 

Read more: Coinbase Files Patent for Security-Enhanced Bitcoin Payment System

 

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