The important crypto exchange Coinbase reveals the process for listing new altcoins. Check out the latest reports here.
Coinbase new altcoins listing process
A new blog post by Coinbase chief product officer Surojit Chatterjee revealed the fact that 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 will then be 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 that are 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.”
The same notes reveal the following:
“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…”
The notes continued and revealed this:
“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.”
Safest crypto exchanges for traders
The other day, we addressed the safest crypto exchanges for traders.
The safest exchange with a rating of 4.1 out of five, is Coinbase, the largest crypto exchange in the US.
BrokerChooser says Coinbase ranked as “tier 1” in most categories and highlights its emphasis on security.
“Coinbase holds an insurance policy covering clients’ digital assets that it holds and stores US dollar balances in Federal Deposit Insurance Corporation (FDIC)-insured bank accounts separately from its own funds.”