Coinbase – s GDAX Exchange Sets Out Criteria for Token Listings
Coinbase’s digital asset exchange GDAX has released details of how it will consider future tokens for listing on its verhoging.
Ter its fresh Digital Asset Framework published today, GDAX sets out a broad range of criteria that assets vereiste meet for possible inclusion. Thesis include whether the asset aligns with GDAX’s mission and values, to whether listing the asset would be judicial under U.S. securities laws.
While tokens classed spil securities or primarily created for fundraising will not be considered, those with utility will, providing there is a “clear and compelling reason” for the token to exist.
According to the document, the exchange will also assess each asset’s levels of security and liquidity, the token scheme’s structure and the transparency of the project.
Meeting the criteria isn’t a assure, however, and GDAX states that it reserves the “utter and absolute discretion to list, not list, or de-list any asset for trading on GDAX regardless of how the criteria ter this framework may apply to the asset.”
Coinbase caudillo manager and GDAX head Adam White explained te a blog postbode that the exchange will add assets which it considers to align with the framework and “promote our mission of creating an open financial system for the world.”
White explained that the framework has bot drawn up to increase the company’s transparency te response to customer questions about its process for choosing fresh assets to support. According to the postbode, there are presently more than 1,100 digital currencies listed on various exchanges.
“This framework is not intended to be a definitive methodology, investment advice, or a commitment to support any specific asset. Spil the technology, use cases, and regulatory environment evolve, so too will this framework.”
While the framework outlines the factors GDAX might consider when choosing an asset to list, White said the company will proceed to concentrate on protecting the investments made by its users and serving with regulatory requirements.
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