Coinbase, a leading US-based crypto exchange, will be disclosing its listing procedures for new altcoins.
Surojit Chatterjee, the chief product officer at Coinbase, shares in the latest blog posts that the listing process of the crypto exchange begins with asset issuers creating an account and submitting an application.
In the next step, the Digital Asset Listing Group (DALG) of Coinbase calculates the application through its standard listing evaluation framework to ensure it fulfills the safety and legal requirements.
Coinbase reveals that the asset will be listed on the exchange and strictly supervised to ensure it continuously monitors the platform’s requirements if approved. The exchange shares that it might decide to de-list some altcoins if they are found to be standing outside of the company’s standard.
The lack of clarity is another factor that can influence the decision. The lack of clarity regarding fundraising methods and whether the digital asset distribution was done before it was used for its stated purpose.
The team claims that listing an asset on Coinbase is, and has always been, free as part of our efforts to level the playing field. They also say that they don’t charge listing or application fees to asset issuers.
They explain that, unlike many other exchanges, they don’t require issuers to take Coinbase’s other services or charge prerequisite asset marketing fees, contrary to what some have expected.
However, we are committed to protecting consumers, so we have a rigorous asset evaluation process to ensure assets meet our eligibility requirements.”
They say that their philosophy is simple: to list every compliant and safe asset. They say they are not here to pick winners or losers. The platform is dedicated to ensuring safety for consumers, but they do intend to have a rigorous asset evaluation process in place to make sure assets meet their eligibility requirements.
As of now, there are more than 212 digital assets for custody and 166 for trading by Coinbase.
Source: https://www.thecoinrepublic.com/2022/06/02/this-is-how-top-us-based-exchange-coinbase-will-be-listing-new-altcoins/