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Coinbase confirms that it doesn’t ‘coordinate asset listing decisions with anyone’
Coinbase has revealed a lot about its listing decisions in a recent report. As per a blog on the Coinbase website, the biggest crypto exchange in the United States, the firm does not ‘coordinate asset listing decisions with anyone not directly involved with our review and listing process.’
Coinbase aims to provide ‘a fair, transparent and equal experience’
Coinbase aims to provide a fair and transparent experience to its users and revealed that it is not influenced by any other entity when it comes to its listing practices. The firm also revealed that:“Coinbase Ventures has never sold tokens from investments that it has made, and is staffed by a separate team with no influence over which assets may be supported on Coinbase platforms.”
The firm also revealed that they do not control or proprietary information about “the plans of early digital asset backers, including their buying or selling activities for assets we list.”
Additional mechanisms
As per the blog, the crypto exchange is continuously looking to provide its customers a better experience on the platform. The firm added that they are “looking into additional mechanisms to align ourselves even further with our customers, starting with enabling users to track Coinbase’s own portfolio of digital assets for informational purposes.”The firm also revealed that the decision of listing a token on the exchange is run through the Digital Asset Listing Group “which follows regular procedures, which are documented in formal policies, and which applicable regulators must review and approve.”
The Group votes on the asset listing and it does not include Coinbase CEO Brian Armstrong or other Global Board members. Furthermore, the firm has a conflict of interest policy that prevents members from intruding the listing decision on the platform.
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