The exchange operator says all coins have to go through a lengthy internal compliance process
Cryptocurrency Exchange Coinbase announced on Friday that it is mulling over a number of new digital assets that it may bring to its exchange. Famous coins on the exchange operator's list include XRP and KIN.
Back in September, the San Francisco-headquartered company said that it plans to bring over 90 percent of compliant Cryptocurrencies on to its platform in the future.
Compliant cryptocurrency may sound like an oxymoron but, in its statement, Coinbase meant compliant with its own policies.
In effect, the exchange operator has two compliance policies.
Secondly, the prospective currency must not interfere with the exchange operator's ability to meet its own compliance standards - including anti-money laundering procedures and regulatory licensing requirements.
Compliance Coinbase style
Friday’s statement indicates that the exchange operator is considering adding 31 different cryptocurrencies to its platform. These can be seen in the image below.
Coinbase did emphasize that there is still a chance that many of the cryptocurrencies listed in the above image will never be a part of its platform.
“Adding new assets requires significant exploratory work from both a technical and compliance standpoint,” said the exchange operator. “We cannot guarantee that all the assets we are evaluating will ultimately be listed for trading.”
On top of this, some of the cryptocurrencies may only be available for buying and selling. Coinbase said that it might not be able to adopt send and receive wallet features for all of the coins it does bring on to its platform.
Finally, the company noted that not all of the cryptocurrencies would be available to everyone around the globe immediately. Each cryptocurrency that is adopted will be rolled out on a “jurisdiction-by-jurisdiction” basis.
Cryptocurrency Exchange Coinbase announced on Friday that it is mulling over a number of new digital assets that it may bring to its exchange. Famous coins on the exchange operator's list include XRP and KIN.
Back in September, the San Francisco-headquartered company said that it plans to bring over 90 percent of compliant Cryptocurrencies on to its platform in the future.
Compliant cryptocurrency may sound like an oxymoron but, in its statement, Coinbase meant compliant with its own policies.
In effect, the exchange operator has two compliance policies.
Secondly, the prospective currency must not interfere with the exchange operator's ability to meet its own compliance standards - including anti-money laundering procedures and regulatory licensing requirements.
Compliance Coinbase style
Friday’s statement indicates that the exchange operator is considering adding 31 different cryptocurrencies to its platform. These can be seen in the image below.
Coinbase did emphasize that there is still a chance that many of the cryptocurrencies listed in the above image will never be a part of its platform.
“Adding new assets requires significant exploratory work from both a technical and compliance standpoint,” said the exchange operator. “We cannot guarantee that all the assets we are evaluating will ultimately be listed for trading.”
On top of this, some of the cryptocurrencies may only be available for buying and selling. Coinbase said that it might not be able to adopt send and receive wallet features for all of the coins it does bring on to its platform.
Finally, the company noted that not all of the cryptocurrencies would be available to everyone around the globe immediately. Each cryptocurrency that is adopted will be rolled out on a “jurisdiction-by-jurisdiction” basis.
Binance Trial on Ice in Nigerian Court as Lawyers Demand Missing Documents
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
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#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
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#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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