Coinbase revamps listing policy. Are new coins coming?

“It was wrong that the buggy code was merged. Yes, we screwed up but the 'we' that screwed up is very wide. The whole community screwed up by not reviewing consensus changes thoroughly enough.” — Wladimir van der Laan, Bitcoin Core developer on Bitcoin’s recent software bug

The Big Block

Coinbase has revamped its listing policy, and it may mean new coins are coming to certain regions

Coinbase, the US cryptocurrency exchange operator, announced Tuesday a major revamp of its policy for listing new coins, and it could mean more cryptos will list on its markets. 

The San Francisco-based firm traditionally has listed coins that fit the firm’s own internal standards and don’t conflict with US securities law, according to a blog-post penned by the exchange-operator. Now, the firm will list coins in certain regions irrespective of US regulation. In an interview with The Block, Coinbase’s chief technology officer Balaji Srinivasan described the move as key to more quickly listing additional coins and becoming a more globally-oriented company. 

“We think crypto is global, and we look at it from a global perspective,” Srinivasan said in a phone interview. “We have operations in literally dozens of countries and our goal now is to be compliant with the law at a local level.”

Read More on The Block (2 Minutes)

Around The Block

The Block Exclusive: Mike Novogratz brings on former UBS director as Galaxy expands its trading business

Galaxy Digital, the cryptocurrency firm started by famed trader Michael Novogratz, has beefed up its trading unit with a number of hires, according to a person with knowledge of the situation. 

The firm, which started trading on Canada’s TSX Venture Exchange in August, was formed at the end of November 2017. Its business spans four units: trading, asset management, advisory, and principal investing. And in recent weeks the firm has brought on a number of former Wall Streeters to staff its trading business, according to a source.  — More

Startup looks to Switzerland to create crypto ETF

Amun AG is aiming to create an exchange-traded product that will track the top five cryptocurrencies, potentially giving investors a way to gain exposure without actually holding the tokens. CEO Hany Rashwan of Amun said he hopes to launch the offering on SIX Swiss Exchange by year end, pending final regulatory approval. — More

Google to end cryptocurrency ad ban More

More than 70 banks join JPMorgan’s blockchain payments program — More

Ripple co-founder is selling XRP at an accelerated pace — More

Walmart tells its produce suppliers to use blockchain — More