Blockchain company Circle has published information on how it will select cryptocurrencies for its trading and investment platforms.
On Tuesday, the company published a “list of asset selection criteria” that will be taken into account when selecting cryptocurrencies for listing on the Poloniex exchange and the Circle Invest and Circle Trade platforms. These criteria cover five different categories, which include the fundamentals of the project, the technology behind the token, the people behind the project, the business model used, and the available market.
“One of the primary goals of our Poloniex, Invest and Trade products is to provide customers with access to innovative projects that are moving the industry forward,” the company said.
Each criterion is defined by a list of potential issues that will be considered by Circle experts when examining the project. However, the company cautions that this list is not an exhaustive list of requirements that projects must meet, but is intended to help the company create a new listing according to the opportunities provided to Poloniex clients.
Circle has also published a listing application form that will need to be completed for any project to potentially be eligible for listing. Currently, Circle Invest already offers its clients Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, Zcash and Monero.
Recall that the company intends to obtain a license to carry out banking activities in the United States. If such a license is granted to the company, it will be able to trade tokens that are currently considered securities.
According to https://www.coindesk.com
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