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Coinbase Updates listing Policy regulation for the new tokens

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Joyashree Dey Follow


May, 04 2022

May, 04 2022

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In a blog post published on April 29, Coinbase's CEO Brian Armstrong addressed concerns connected with token listings on the centralized trade and the organization will take on new strategies and features in the upcoming months.

The popular crypto platform has tended to worry about the chance of merchants' front-running tokens and framed a point by point intend to address data asymmetry. Coinbase affects a token’s cost after insight about its listing breaks out.

In the blog post, Brian Armstrong, the CEO of Coinbase uncovered new methods that are being executed so individuals wouldn't have the option to figure out which cryptocurrency will be recorded straight away or on the other hand assuming the trade is thinking about another listing.

Armstrong stated, “While this is public data, it isn’t data that all customers can easily access, so we strive to remove these information asymmetries.”

The trade has been the subject of speculation in the crypto local area and dealt with insider exchanging indictments in the past, in 2018. Along these lines, measures taken by Coinbase would assist the trade by observing insider exchanging, and data spills from inside the company. Armstrong is prepared to utilize outside blockchain forensics investigation to follow exchanges from workers.

The new measures taken by Coinbase are probably going to forestall the pump and dump occasions that follow listing speculation or the genuine listing on the trade, from here on out.

As indicated by Armstrong, Coinbase will quit publicizing its shortlist. In place of that, it will announce assets solely after it has chosen to list them. And still, at the end of the day, the organization said it will make those declarations before any technical integration has started.

The native token, STEPN, of the move-to-earn way of life hit another unequaled high after the Coinbase listing. STEPN cost hit $4.11 and has dove almost 10% from that point forward. The "Coinbase Effect" is famous among brokers in the crypto market; an altcoin posting pushes the cost higher, with double-digit gains.

Also Read | Nasdaq listed crypto exchange Coinbase announced Coinbase NFT marketplace officially live in Beta

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Joyashree Dey

CBW - External Analyst


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