Digital currency exchange Coinbase announced the introduction of a new procedure for the transfer of cryptocurrency, a New process will expedite the transfer of digital assets and extend the range of assets traded on the stock exchange.
Today we’re announcing a new listing process that will allow us to rapidly add most digital assets that meets our standards and are compliant with local law, while providing our customers with the tools to discover, evaluate, trade, and use digital assets: https://t.co/6AteNMOnYr
— Coinbase (@coinbase) September 25, 2018
According to the announcement, the new process complies with local legislation, which means that the satisfaction the listing in order of jurisdiction. Some of the assets listed on the platform may be available only to customers in specific jurisdictions.
Those who want to provide tokens to Coinbase using the newly adopted process will need to use a special form, which will subsequently be evaluated by the team of the exchange.
The company said:
“At our discretion we can transfer some of the assets on the basis of our own assessment even in the absence of the application. In other cases, we will try to give a quick specific reasons for approval or denial of specific assets.”
Dan Romero, Vice President and General Manager Consumer Coinbase, commented on this update: