The Digital Assets Framework was released by Coinbase’s GDAX (Global Digital Asset Exchange). Accordingly, the institutional exchange aiming to fulfill demand via Initial Coin Offering (ICO) market values.
GDAX Sets Crypto List Standards
The statement states,
“This framework is designed to provide insight into how we evaluate digital assets for listing on GDAX. The exchange reserves “full and absolute discretion to list, not list, or de-list any asset for trading on GDAX”.
Framework outlines determination of listing with following six factors:
- general network assessment
- price manipulation metrics
- alignment with exchange values
- laws and best practices
- incentivizing participants
- adoption/network effect
Related Coverage: GDAX affirmation to permit Bitcoin Cash Withdrawals by 2018
From Hundreds of Coins to Proven Winners
Remarkably, GDAX will relate clients’ standards to publically visible founders. However more stress on, “Has a track record of demonstrable success or experience,” is requires within Founders and Leadership”.
Therefore, the future coin listings will affect GDAX’s ability to meet compliance obligations. Such as, obligations government license and Anti-Money Laundering AML program.
According to Circulation heading notes,
“Since, for service or work tokens, new supply is created through consensus protocols. If the supply is cap, then a material amount of the total tokens should be available to the public”.
Team Ownership means stakes retains by the team is a alternative stake. However, there is a lock up period and vesting schedule to ensure the team is economically incentive to improve the network into the future.
At the Conclusion, it simple and clearly mentioned by GDAX Adam White:
“The number one feedback I’d say we get from customers is, ‘add more things, I want to trade more assets.’ We see those customers going to other venues as well as we don’t want that to happen”.