Coinbase Announces Planned Token Listings And Labels NEST As “Experimental Asset”

Leading American cryptocurrency exchange Coinbase revealed on Monday that it intended to put six tokens on its system, which might be included in its “roadmap” for listing new tokens.

Six tokens will feature on Coinbase

The exchange announced that it would list Raydium with five other currencies that are based on Ethereum: Celer Network, Nest Protocol, Stargate Finance, SuperRare, and TE-Food.

The listing of any of these tokens may be canceled, according to Coinbase, which means that moves to list them may be reversed. To that purpose, the trading platform advised prospective investors to hold off on making any purchases or selling any tokens until the assets were listed on the market.

Before listing a cryptocurrency, Coinbase claimed that it does not consider the token’s market capitalization or popularity. Prior to being listed, a token must, according to the statement, adhere to a number of conditions, including as meeting Coinbase’s “standard for legal, compliance, and technological security.”

The cryptocurrency exchange further stated that if a token does not match the conditions, it would not be listed. The absence of sufficient information on the asset is another factor that could prevent a token from being listed when users anticipate it. It is also important to note that the listed tokens may be removed from the list if they fail to meet the criteria.

Nest Protocol is now listed as a “Experimental Asset” on Coinbase

The native token ($NEST) of the Ethereum-based price prediction platform Nest Protocol has been added to Coinbase’s list of experimental assets.

New assets and assets with little trading activity are referred to as experimental assets on Coinbase platforms. These assets can be located in the platform’s Asset Directory. But users can still interact with the listed token despite this designation.

Employee of Coinbase engages in insider trading

Ishan Wahi, a former product manager for Coinbase, was reportedly found guilty of insider trading last week after sharing information about a forthcoming coin offering with his brother Nikhil Wahi and a buddy named Sameer Ramani.

The US Department of Justice (DOJ) has imposed a lengthy prison term on the Wahi brothers, but Ramani has not yet been found.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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