90% of Crypto Assets Reviewed Do Not Meet Listing Standards: Coinbase
The post 90% of Crypto Assets Reviewed Do Not Meet Listing Standards: Coinbase appeared on BitcoinEthereumNews.com.
Coinbase revealed that nearly 90% of crypto assets evaluated fail to meet its listing standards. The platform employs a thorough review process involving legal, compliance, and technical checks conducted by the Digital Asset Support Group (DASG). The process ensures only assets with robust fundamentals, security, and liquidity are approved. Despite DASG approval, further business analysis is required to evaluate factors such as market demand, social sentiment, and project development. Coinbase Listing Funnel: Rigorous Review Process On Jan 15, Coinbase shared a structured and multi-step process for listing crypto assets on X. The first stage involves an analysis and review by the Digital Asset Support Group (DASG). This group evaluates assets against strict legal, compliance, and technical standards. Their goal is to ensure only secure, compliant, and robust projects pass this phase. Around 90% of the assets reviewed fail to meet these rigorous standards. After DASG approval, the assets undergo a business analysis process. This step includes assessing customer demand, trading volume, and liquidity. The traction of the token or application, including the number of holders and market cap, plays a significant role. Additionally, qualitative factors, such as the project team’s track record, social sentiment, and the distribution mechanism of tokens, are considered. The integration of native blockchain assets requires longer timelines due to higher technical complexity. Asset Prioritization and Selection Process Coinbase categorizes assets into tokens, native blockchain assets, and pre-launch tokens for prioritization. Tokens adhering to standards like Ethereum ERC20 or Solana SPL are fast-tracked due to easier integration. Native blockchain assets, on the other hand, require extensive technical effort and are prioritized based on market cap and trading volume across exchange products like Custody and Exchange. Post-review, The exchange monitors listed assets to ensure they continue to meet listing standards. Reasons for delisting may include failure to comply…
Filed under: News - @ January 15, 2025 4:28 pm