Coinbase exchange shakes up rules as it looks to boost cryptocurrency listings

One of the world’s largest cryptocurrency exchanges has detailed new rules designed to speed up its listing processes whilst being more stringent on compliance, potentially boosting a wave of new dealing possibilities for cryptocurrencies and tokenised digital assets.

Coinbase, in a statement, explained how it would allow digital assets to be filtered according to “jurisdiction-by-jurisdiction” regulations.

The exchange is already a centre for trading bitcoin as well as alt-coins – for example, ethereum or litecoin – and, under the new proposal, groups seeking to list digital assets on the exchange will be assessed and categorised by the locations where they are permissible.

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“Our goal is to rapidly list all assets that meet our standards and are compliant with local law, while providing our customers with the tools to discover, evaluate, trade, and use digital assets,” Coinbase said.

Users will, in theory, only be able to access the assets allowed within their regulatory jurisdiction.

The idea is that this will be another step towards acceptance and adoption across broader investor communities, which are cautious over the regulatory positioning of certain digital assets and cryptocurrencies.

It is also expected to help Coinbase list more digital assets, more quickly.

“We think of Coinbase as the global bridge from fiat to crypto, from the fragmented financial system of today to the open financial system of the future,” Coinbase added.

“We believe this new listing process allows us to quickly add assets while remaining compliant with local law and continuing to offer our customers the safe, high-quality experience they have come to expect from Coinbase.”

Story by ProactiveInvestors