According to the recentofficial announcement by the crypto currency exchange ‘Coinbase’, this newprocessreferssolelyto digital assets being compliant with thenativelaws,which suggeststhatcertainassets listed on the platformmightsolelybeobtainableto customers inparticularjurisdictions.
Issuerswhoneedto submit tokens at Coinbase via thenewadoptedmethodwould be liable touse a specialform,which wouldafterbeing evaluated by the exchange team against their digitalassetframework.
Initiallythere’llnot be any application fee, however, Coinbase reservesholds the rightsto introduce a feewithin the upcoming daysso asto coverthe legal and operationalpricesassociated withassessing and listing new assets.
Coinbase states that the newprocesswouldpermitit to list most assets over time that meet standards. Since the exchange expectsthe processto formnew token listingsadditionallyfrequent, those listingsare proclaimedonly oncethey becomeobtainableonone amongst theCoinbase’s publicproducts.
At the reporting time, Coinbase supports Bitcoin [BTC], BitcoinCash[BCH], Ethereum [ETH], Ethereum Classic [ETC], and Litecoin [LTC]. Coinbaseproclaimedthatit’dadd support for ETC back inthe month of June,following whichthe ETCworthhiked to around 25%.
Later inJuly, the exchangeaforementionedthatit wasexamining the additionof 5new coins to itscommercelists which would include Cardano [ADA], Basic Attention Token [BAT], Stellar [XLM], Zcash [ZEC], and 0x [ZRX].
However in Aug., Coinbase started rolling outBritish Pound[GBP] support,that permittedthe exchange’s customers within the U.K. to conduct a quicker transfers, offering customers with the new features of Trading with an ease.