THE FEATURE Coinbase's GDAX Exchange Sets Out Criteria for Token Listings
For all the talk that crypto assets are in a bubble, it's perhaps not said enough that we may simply be entering a period that requires a different term, an awakening.
That reality was on display yesterday in two announcements that were perhaps easy to overlook. Yes, they were small, eked out in a blog post and a tweet, but their implications are anything but.
Revealed yesterday, Coinbase – the largest and most well-known U.S. bitcoin exchange – made two announcements about how it might support the token market.
First, it released a framework for how it might list various digital tokens. Second, it announced it is sponsoring Token Summit, an event whose subject matter should be self-evident.
What to make of the moves? To start, it's fair to say Coinbase is telegraphing the direction it sees the market heading.
Despite continued regulatory uncertainty and the current overzealous market, the moves show a clear path forward: bitcoin may be booming, but it's soon to be a multi-token world. | |
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