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
You May Also Like
Kraken CEO disagrees with New York State Attorney General
Jesse Powell, co-founder and CEO of cryptocurrency exchange Kraken, recently launched a regulatory fight with officials in New York, refusing to respond to a formal request from the state attorney general.
Shanghai police detained the founder of the OKex exchange
The founder of the world's second largest crypto exchange was arrested by the Shanghai police - such headlines appeared yesterday on social networks and local media. In fact, the CEO and founder of the OKCoin and OKEx cryptocurrency exchanges, Star Xu, was spotted at the local Shanghai police station. On the evening of the next day, Star Xu left the police station, which means that he was not charged within 24 hours, according to the law.
