Coinbase Determined the Rules for Listing New Cryptocurrencies

Coinbase Determined the Rules for Listing New Cryptocurrencies

The leading US cryptocurrency exchange, Coinbase, introduced official rules for listing new digital assets, and also suggested a tool with which the project creators can submit relevant applications.

As noted in the blog of the company based in California, the search for a solution to expand the list of available coins prompted numerous user appeals.

Representatives of Coinbase noted that their goal is to list all assets that meet the internal standards of the site and local legislation. To do this, they developed rules for the safe addition of cryptocurrencies.

In its commission, however, the company warned that due to the specifics of the country’s legislation, some assets added in the future may be available only to users of certain jurisdictions.

To apply for an asset, project representatives will need to fill out a questionnaire. Simultaneously, the Coinbase team clarified that some assets can be added at its discretion even without filing a listing application.

In addition to adding more assets, Coinbase plans to expand the list of training materials and tools for cryptocurrency trading.

Coinbase currently supports five cryptocurrencies: Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic and Litecoin.

In July, representatives of the site reported that they are studying the possibility of adding Cardano, Basic Attention Token, Stellar Lumens, Zcash and 0x. In August, designed for institutional investors and other major market players, Coinbase Custody announced that it could support nearly 40 new assets.

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