Coinbase to Label Some Assets as ‘Experimental’ in Bid to Boost Transparency

Cryptocurrency exchange Coinbase (COIN) has unveiled its “experimental” label that will be applied to those assets either new to the platform or with relatively low trading volumes.

“Our goal is to be as transparent as possible with our customers regarding trading risks,” said Product Manager Ishan Wahi in a blog post on Monday. “We are introducing a new experimental label on asset pages and a disclosure when executing trades for some assets.”
Wahi notes that Coinbase expanding offerings at such a fast clip means more newly created assets and added risks, such as higher price swings and order cancellations.
The new label won’t impact customers' ability to send, receive, buy, sell and/or hold assets on Coinbase, the company said.
In a tweet on Monday afternoon, Coinbase said that Aergo (AERGO), Aioz Network (AIOZ), Ethernity Chain (ERN) and Status Network (SNT) would all be labeled as "Experimental."

UPDATE (March 8, 18:40 UTC): Updated with details of first assets to labeled as experimental in last bullet point.

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Michael Bellusci

Michael Bellusci is CoinDesk's crypto reporter focused on public companies and digital asset firms.

Follow @mikeybellusci on Twitter

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.