The San-Francisco based cryptoexchange, Coinbase, has made an announcement about the implementation of a new procedure for enlisting digital currencies. The changes have been introduced merely to increase the speed at which the cryptocurrencies complete the listing procedure.
The firm currently supports cryptotrading for the majority of dominant digital currencies, such as BTC, BCH, ETC, LTC, etc. According to the cryptoexchange, it is becoming increasingly difficult to include all the types of digital assets it wants, whilst preserving the standards of security and compliance.
As per the announcement, the solution lies in listing the digital currencies in accordance with their compliance with local legislation, meaning that certain currencies will not be available in all the regions at once, depending on the regulatory approval.
The token issuers will undergo a simplified asset assessment procedure prior to listing on the cryptoexchange. The procedure begins with submission of a filled out signup form that includes the data regarding the digital assets that is further evaluated by the firm in contrast with its own framework for digital currencies.
Still, it is worth mentioning that the said framework is not yet completely set out and fixed. According to the company, the framework will be subjected to regular updates, with the application form always representing the requirements of the relevant framework version to be used for the assessment procedure.
So far, the listing process is free of charge, but this might change in the upcoming future, considering the growth of the cryptomarket.