Cryptocurrency Exchange’s giant Coinbase has finally lifted the curtains on how certain tokens are listed in exchange.
The exchange outlined a number of criteria ranging from legal compliance to the size of the token community.
Three reviews
Potential list candidates should carry out three reviews: law, compliance mitigation, and technical security.
First, Coinbase must examine whether a particular token is considered security based on an existing legal framework. For example, the exchange suspended XRP trading after the SEC labeled the token as unregistered security. However, once the district judge determined that the secondary sales were not eligible for an investment agreement, it was now available for trading again.
Trade giants then need to make sure that there is no risk to consumers. You need to make sure there are no illegal activities related to the token.
Finally, Coinbase should look at various technical aspects to ensure that certain tokens are free of security flaws. This phase includes audit reports and vulnerability testing.
Exchange is ignoring projects that promise future investment returns, are inadequately diversified and lack information on important details such as token capabilities, toconemics, and team members.
How much time do you need?
The duration of the listing process depends on several factors, including the complexity of the token and the level of public interest.
It takes less than 30 days for the Coinbase team to carry out a specific review.
Assets with larger trading volumes, as well as larger numbers of holders and stronger community sentiments tend to enjoy higher list priorities.
