GDAX Token Evaluation Framework

GDAX, the cryptoasset exchange owned by Coinbase, has released a 5-page evaluation framework that they will use when considering whether to include new tokens on the exchange. Currently, only Bitcoin, Ether, and Litecoin can be traded on GDAX. Many users have requested support for more tokens (there are over 1,100 in existence), but Coinbase has always taken a cautious approach to any changes. Regulators have already signaled that exchanges can and will be held liable for supporting illegal activity (such as facilitating trade of unregistered securities), so this conservative approach makes sense. If you’ve ever wondered how to separate legitimate tokens from.. others, this framework is a great place to start. 


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