The system of “experimental” tags was introduced by the Coinbase exchange. Thus, the platform has designated assets with low trading volumes and recently added cryptocurrencies to the listing. About it informed product manager of the company Ishan Wahi.
“In order to maximize transparency, we are introducing a new experimental label on asset pages and disclosing information during transactions with a number of cryptocurrencies,” he wrote.
Wahi also added that Coinbase is rapidly expanding the list of assets traded on the platform, which entails risks associated with volatility and order cancellations.
For users, this label should be a marker where to “be careful”. The label will not affect the ability to make transactions with these cryptocurrencies.
In addition, Coinbase has submitted a “Digital Asset Policy Proposal.”
Fair competition, responsible innovation, a thriving ecosystem …
Our framework for getting there ↓https://t.co/XR3gAB8EDn
— Coinbase (@coinbase) March 7, 2022
This document aims to provide the company with an opportunity to participate in discussions about how the US system of financial regulation should adapt to two “major events”:
- decentralized evolution of the Internet;
- the emergence of a class of digital assets that provide “unique economic solutions”.
Coinbase experts proposed regulating cryptocurrencies within a separate system, assigning supervisory powers to a specific federal agency, expanding and protecting the rights of digital asset holders, and promoting interoperability and fair competition.