90% of Crypto Assets Reviewed Do Not Meet Listing Standards: Coinbase

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Almost 9 out of 10 cryptocurrencies assessed do not pass Coinbase’s criteria for listing. This rigorous evaluation process is carried out by the Digital Asset Support Group (DASG), which scrutinizes these assets from legal, compliance, and technical perspectives.

The procedure guarantees that only assets featuring strong foundations (in terms of fundamentals), safety, and easy trading are accepted. Even though an asset has been approved by DASG, additional business scrutiny is necessary to assess aspects like market need, public opinion, and project progression.

Coinbase Listing Funnel: Rigorous Review Process

On January 15th, Coinbase disclosed a detailed and sequential procedure for adding cryptocurrencies to their platform X. The initial step involves a thorough examination by the Digital Asset Support Group (DASG). This team assesses projects based on stringent legal, compliance, and technical criteria. Their aim is to allow only secure, compliant, and robust projects to progress through this phase, as approximately 90% of the assets they review fail to meet these tough standards.

Following DASG’s approval, these assets move on to a business evaluation phase. During this stage, we consider factors like customer interest, trading frequency, and market fluidity. The popularity of the token or platform, as indicated by the number of users and market value, holds considerable weight. Furthermore, subjective aspects such as the team’s past achievements, public opinion, and the distribution strategy for tokens are taken into account. Integrating native blockchain assets typically takes more time due to the increased technical intricacy involved.

Asset Prioritization and Selection Process

tokens, native blockchain assets, and pre-launch tokens. Tokens following standards such as Ethereum‘s ERC20 or Solana’s SPL are given priority because they’re easier to integrate. On the contrary, native blockchain assets demand significant technical work and are prioritized based on their market value and trading activity across platforms like Custody and Exchange.

After a review, the platform checks the listed investments to make sure they still adhere to listing criteria. If an asset fails to comply with legal or technical rules, has low trading volume, or shows little development by the project team, it may be removed from the platform. The exchange also assesses liquidity and transaction activity to uphold top-notch standards for its users. These procedures help preserve the platform’s credibility and user confidence.

Coinbase Exchange Volume and Recent Listings

Coinbase, one of America’s major cryptocurrency trading platforms, reported a futures trading volume of approximately $17 billion according to Coinglass. This figure shows a 25% decrease from the previous 24-hour period. Bitcoin pairs accounted for the majority of this activity with around $15 billion in trade, while today’s open interest for Bitcoin reached $129 million, underscoring Coinbase’s prominent position within the crypto market.

As a researcher examining the crypto market, I’ve observed that getting listed on one of the leading exchanges can significantly drive up token prices. For example, Toshi (TOSHI) saw an impressive 200% surge in its price after it was announced as part of Coinbase’s roadmap. Currently, Toshi is priced at $0.0002331, with a market capitalization of approximately $98 million and a 24-hour trading volume of around $65 million. The platform’s capacity to enhance token visibility and accessibility is clearly demonstrated by such price fluctuations.

In simple terms, the price of COIN stock was at $255, marking a 4% increase over the past day. Its current market value stands at an impressive $64 billion. As it solidifies its position in the U.S. crypto sector, its impact on trading volume, token listings, and overall market trends remains crucial within the industry.

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2025-01-15 13:36