According to the recent official announcement by the crypto currency exchange ‘Coinbase’, this new process refers solely to digital assets being compliant with the native laws, which suggests that certain assets listed on the platform might solely be obtainable to customers in particular jurisdictions.
Issuers who need to submit tokens at Coinbase via the new adopted method would be liable to use a special form, which would after being evaluated by the exchange team against their digital asset framework.
Initially there’ll not be any application fee, however, Coinbase reserves holds the rights to introduce a fee within the upcoming days so as to cover the legal and operational prices associated with assessing and listing new assets.
Coinbase states that the new process would permit it to list most assets over time that meet standards. Since the exchange expects the process to form new token listings additionally frequent, those listings are proclaimed only once they become obtainable on one amongst the Coinbase’s public products.
At the reporting time, Coinbase supports Bitcoin [BTC], Bitcoin Cash [BCH], Ethereum [ETH], Ethereum Classic [ETC], and Litecoin [LTC]. Coinbase proclaimed that it’d add support for ETC back in the month of June, following which the ETC worth hiked to around 25%.
Later in July, the exchange aforementioned that it was examining the addition of 5 new coins to its commerce lists which would include Cardano [ADA], Basic Attention Token [BAT], Stellar [XLM], Zcash [ZEC], and 0x [ZRX].
However in Aug., Coinbase started rolling out British Pound [GBP] support, that permitted the exchange’s customers within the U.K. to conduct a quicker transfers, offering customers with the new features of Trading with an ease.