Coinbase, one of the largest crypto exchanges in the US, has revealed that approximately 90% of the crypto assets evaluated do not meet its stringent listing standards. The platform conducts a comprehensive review involving legal, compliance, and technical checks by its Digital Asset Support Group.
Coinbase Listing Process
On January 15, Coinbase shared a multi-step process of crypto asset listing. The initial phase involves analysis and review by the DASG, evaluating assets against stringent legal, compliance, and technical standards. Following DASG approval, assets undergo a business analysis process, assessing customer demand, transaction volume, and liquidity along with the token or application's strengths.
Trading Volume and Recent Listings
According to Coinglass, Coinbase recorded a futures trading volume of $17 billion. Bitcoin pairs dominate with $15 billion volume, reflecting a 25% decline in the last 24 hours.
Impact of Strict Standards
The strict listing standards enhance user trust. An example includes the 200% price surge of Toshi (TOSHI) after its listing. The exchange regularly observes liquidity and trading activity to maintain platform reliability.
Coinbase's strict listing standards aid in enhancing platform reliability, supporting the quality and sustainability of new market projects.
