Coinbase announced that approximately 90% of the crypto assets it evaluated did not meet listing standards. The platform implements a comprehensive review process that includes legal, compliance and technical checks conducted by the Digital Asset Support Group (DASG).
Coinbase’s Listing Process
On January 15, Coinbase shared a structured, multi-step process for listing crypto assets on the X platform. The first phase involves analysis and review by the Digital Asset Support Group (DASG). This group evaluates assets against stringent legal, compliance and technical standards. Its aim is to ensure that only safe, compliant and robust projects pass this stage.
Following DASG approval, assets are subjected to the business analysis process. This step involves evaluating factors such as customer demand, transaction volume and liquidity. The strength of the token or application, the number of holders and market value play an important role. Additionally, qualitative factors such as the background of the project team, social perception, and token distribution mechanism are also taken into account.
Coinbase Exchange Volume and Latest Listings
Coinbase, one of the largest US-based crypto exchanges, recorded a futures trading volume of $17 billion, according to Coinglass data. This represents a 25% drop in the last 24 hours. Bitcoin $96,738.3 pairs dominate trading activity with a volume of $15 billion.
Coinbase continues to monitor assets post-listing. Assets may be removed from the exchange for reasons such as non-compliance with legal or technical requirements, low transaction volume or lack of development by the project team. The exchange regularly monitors liquidity and trading activity to maintain user confidence.
Listing a crypto asset on Coinbase can often lead to significant increases in token prices. For example, Toshi (TOSHI) experienced a 200% price increase following its addition to the Coinbase roadmap.
Coinbase’s own stock, COIN, is trading at $255, up 4% in the last 24 hours. The market value of the stock currently stands at $64 billion. Maintaining its leading position in the US crypto market, Coinbase maintains its influence on transaction volume, token listings and market dynamics.
Coinbase’s stringent listing standards aim to increase the reliability and user trust of the platform. This process supports the quality and sustainability of projects in the market.
Coinbase implements a rigorous evaluation process to ensure the quality and security of crypto assets. This helps the platform maintain its reputation and provide reliable service to its users.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
