Coinbase has announced that about 90% of crypto assets do not meet its stringent listing criteria. The exchange employs a detailed review process.
Coinbase Asset Listing Process
On January 15, Coinbase outlined its systematic approach to listing cryptocurrencies on its platform. The initial stage involves an examination by the DASG, a group that scrutinizes assets against strict legal, compliance, and technical criteria.
Assessing Market Demand
Once approved by the DASG, assets undergo a business analysis phase that evaluates customer demand, transaction volume, and liquidity. Key factors include the token strength, market cap, and other qualitative indicators like project team reputation.
Impact of Listing on the Market
Recent data shows that Coinbase recorded a futures trading volume of $17 billion, reflecting a 25% drop. Bitcoin pairs accounted for $15 billion of this volume. Post-listing, Coinbase actively monitors assets. Listing on Coinbase can lead to substantial price increases, as seen with Toshi (TOSHI) which surged by 200%. This underlines the company's commitment to strict standards, enhancing its credibility and user trust, fostering a healthier market environment.
By maintaining strict asset evaluation protocols, Coinbase aims to uphold its reputation and ensure the delivery of reliable services to its user base.
