Coinbase, the largest Bitcoin exchange in the United States, is planning to increase its offer of encrypted currencies. The Crypto Exchange is currently examining over 30 candidates, including the “Top” XRP Coins, ADA, XLM and EOS. Tokens must comply with the Coinbase Digital Asset Framework. In the long term, more than 90% of the coins (compliant with the framework) must be collected through market capitalisation.
The Coinbase crypto exchange wants to expand its relatively low range of nine crypto currencies currently in circulation. To this end, the U.S. stock exchange is currently examining 31 digital assets. Coinbase announced it on its multimedia blog on December 7. Candidates are, for example, the encrypted sizes XRP, ADA, XLM and EOS. But also “smaller projects” such as Decentralland (MANA), Civic (CVC) or Po.et (POE) belong to the Coinbase candidates.
What matters is cryptosoft
However, in order to be included in the small circle of cryptosoft tokens listed, a token must comply with the company’s rules for the listing of digital goods like this: https://www.onlinebetrug.net/en/cryptosoft/ According to the Digital Asset Framework, the following questions, among others, must be answered:
Is the asset accessible to all and not controlled by a single party?
Can the product be certified for high quality and safety on the basis of the source code and operating system?
Does the team’s competence meet the project’s requirements?
Are the governance and consensus-building process defined?
Is the project scalable?
Is the asset highly liquid?
Is the asset already traded on a large scale?
Is there a high demand for the asset or are positive network effects achieved with it?
Are there mechanisms that create incentives to protect the network?
If there was a sale of tokens: This was done in accordance with best practices (security, guarantee of fair distribution of tokens, transparency, white paper, etc.).
Coins: No guarantee
Coinbase strongly underlines that there is no guarantee for a GDAX list of the coins listed above. “The addition of new assets requires extensive exploratory work from both a technical and compliance perspective, and we cannot guarantee that all the assets we value will eventually be admitted to trading. In addition, our listing process may result in some of these assets being offered for purchase and sale exclusively to clients without being able to be sent or received through a local portfolio.
In addition, Coinbase will continue to take into account different jurisdictions:
“Finally, in accordance with our listing process, we will introduce new assets based on the relevant jurisprudence. This allows us to add assets in an efficient and responsible manner.
GDAX list (as of: 10.12.18) Source: support.coinbase.com
Coinbase had already announced in July that it would review the inclusion of ADA, BAT, XLM ZEC and ZRX. After all, more than half of them actually arrived at GDAX. Whoever of 31 new (and old) candidates is accepted into the circle of GDAX tokens wants to announce the Crypto Exchange via blog and Twitter.