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Tl;dr: Coinbase’s aim is to supply a impartial market the place clients can interact with each protected and compliant crypto asset. As a part of this effort, we’ve got all the time ensured that itemizing an asset on Coinbase is totally freed from all charges and prerequisite prices.
By Surojit Chatterjee
The aim of Coinbase’s alternate is to supply a impartial market the place clients can interact with each protected and compliant crypto asset. To help these property transparently and equitably, we’ve got spent years honing a constant itemizing course of that creates a degree enjoying discipline for all the brand new property being created in crypto.
As a part of our efforts to degree the enjoying discipline, itemizing an asset on Coinbase is, and has all the time been, free. We don’t cost itemizing or utility charges to asset issuers. Not like many exchanges, we additionally don’t cost prerequisite asset advertising charges or require issuers to undertake Coinbase’s different providers. Some have speculated in any other case, however it’s merely not true.
How our asset itemizing course of works
Our philosophy is to listing each protected and compliant asset — we’re not right here to choose winners or losers. We’re dedicated to defending shoppers, nonetheless, so we’ve got a rigorous asset analysis course of in place to make sure property meet our eligibility necessities. Right here’s a fast abstract of our fee-free asset analysis and itemizing course of:
- Apply. Asset issuers begin by creating an account in our Asset Hub and submitting an utility with all related details about their asset.
- Consider. Coinbase’s Digital Asset Itemizing Group (DALG) evaluates the data submitted through Asset Hub utilizing our normal itemizing analysis framework to make sure the asset meets the eligibility necessities for our authorized, compliance, and technical safety opinions.
- Record. As soon as accepted by DALG and built-in with our platform, the asset will be listed on our alternate. Being listed on the alternate doesn’t imply that Coinbase endorses the asset, however that it meets Coinbase’s itemizing necessities.
- Monitor. We consistently monitor all property on our alternate and should de-list property in the event that they cease assembly our necessities, or if new info turns into accessible.
Right this moment, Coinbase affords over 212 property for custody and 166 property for buying and selling. We’re not within the enterprise of offering funding recommendation, however we do consider training is essential to assist the typical investor decipher between the various property on our platform. To assist foster studying and training, Coinbase Earn is a useful device for customers to earn rewards and study totally different property accessible on our platform.
How Coinbase Earn works
As soon as an asset is listed on Coinbase, asset issuers have the at-will alternative to launch campaigns to teach customers about their asset. Coinbase takes a small price for facilitating these campaigns, however whether or not or not an Earn marketing campaign is predicted has no impression on whether or not or not the asset will likely be accepted by our itemizing course of. Right here’s the way it works:
- Inquire. Asset issuers get in contact with our Earn workforce typically through our web site or a referral, to be taught extra about how they’ll improve consciousness and engagement for his or her asset.
- Design. Coinbase and the asset issuer work collectively to design a bespoke academic marketing campaign for customers.
- Launch. Coinbase launches the marketing campaign on our web site and in our retail app. Not like direct advertising campaigns, Earn campaigns are passive, and customers select to work together at their very own will.
- Earn. When customers interact with the marketing campaign, Coinbase distributes funds to the partaking customers. Coinbase receives a small proportional distribution price when these funds are distributed.
Customers have discovered nice worth in our Earn merchandise, and we’ve seen great traction with thousands and thousands of customers partaking with the tutorial content material thus far. Schooling is a key a part of our efforts to construct a extra open, accessible monetary system, and we are going to proceed to innovate on this house as we work to listing each protected and compliant crypto asset for our customers.
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