Digital Currency Exchange Coinbase announced the introduction of a new procedure for transferring crypto currency The new process will accelerate the transfer of digital assets and expand the range of assets traded on the exchange.
Today we're announcing a new listing process that will allow us to quickly add the most popular digital assets to the world, while providing our customers with the tools to discover, evaluate, trade, and use digital assets: https : //t.co/6AteNMOnYr
– Coinbase (@coinbase) September 25, 2018
According to the announcement, the new process is consistent with local legislation, which means satisfying requests for listing in accordance with the jurisdiction. Some assets listed on the platform may only be available to customers in specific jurisdictions.
Those who want to present tokens on Coinbase through a recently adopted process will need to use a special form that will be subsequently evaluated by the Exchange team.
The company stated:
"At our discretion, we can list some assets on the basis of our own valuation even in the absence of an application. In other cases, we will try to give a quick concrete reason for approval or denial for specific assets. "
Dan Romero, vice president and general manager of Coinbase Consumer, commented on this update:
"Ultimately, digital currencies are a global phenomenon. You have software developers and entrepreneurs around the world building products over cryptography, and this opens up many uses, especially in emerging markets. I think we need to move as a company to a more global perspective. "
Coinbase currently supports Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic and Litecoin, and is also exploring the addition of several new assets. The company indicated that the request of their customers is to add support for new assets, so the exchange is considering how to do it in a safe and compatible way for assets that comply with Coinbase standards.
"This meets the needs of customers. Adding more assets is directly related to what customers tell us. Therefore, ultimately, we are adding more assets, we are going to increase the trust and make the platform easy for users for customers. "