Coinbase Token Listing Process No Longer Available On Asset Hub

Key Points:

• Coinbase Assets ditches Asset Hub and introduces a streamlined Coinbase token listing process on its official site.
• The updated process removes application fees for now, but Coinbase may impose fees later based on submission volumes to cover evaluation costs.

Coinbase Assets has declared a significant shift in the Coinbase token listing application process, discontinuing the use of Asset Hub.

The updated procedure, detailed on Coinbase’s official website, introduces a revamped application form for issuers to submit assets. This marks a departure from the previous Asset Hub system.

Under the revised approach, issuers will initiate the Coinbase token listing process by submitting assets through a new form. These submissions will undergo evaluation based on Coinbase’s digital asset framework, with both the application form and framework subject to regular updates. The exchange will specify the version of the framework against which the evaluation is conducted.

Noteworthy is the elimination of the application fee for the time being. However, Coinbase reserves the right to implement such fees in the future, contingent on submission volumes. This move aims to offset the legal and operational costs associated with the assessment and listing of new assets.

Despite being recognized for its stringent Coinbase token listing process, Coinbase has faced challenges, particularly when regulatory agencies like the SEC assert that tokens traded on the platform may qualify as securities.

In recent developments, the meme coin Bonk (BONK), based on the Solana blockchain, experienced a remarkable surge of over 100% within 24 hours of being listed on Coinbase. This move positioned Bonk as the third-largest meme coin on the platform, trailing only Dogecoin (DOGE) and Shiba Inu (SHIB). The listing on Thursday contributed to the coin’s notable price increase.

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