Coinbase establish "core principles" to assure institutional investors

Amidst much talk of self-governance and regulation within the crypto industry, Coinbase have announced the issuance of several institutional core principles to offer protection and reassurance to investors. In a Medium post, the Coinbase team detailed much of what they hope to achieve as one of the leaders within the cryptocurrency sector. The principles will act as the company’s “North Star" as they "design, develop, and operate" their products, "Ultimately, we intend for these core principles to drive us toward our goal of operating the most trusted venue for storing, trading, and interacting with the world of cryptocurrency.” the post reads.  (core principles... get it?) The first principle includes operating a “fair and orderly market”. Enactment of such will involve active monitoring and supervision of the market, by modeling their operations after established best practices of the broker industry.   The second principle relates to consumer protection, with Coinbase asserting that the utilization of “institutional-grade tools” will ensure the safe storage of user data. This principle also includes adherence to, and participation within, state and federal regulations. The third principle details their commitment to the enforcement of market rules and governance; which involves providing “a market rulebook” to participants including public trading rules and policy standards to level the playing field. Under this principle transparency will be increased with the disclosure of all trading fees and incentive programs. The fourth principle ensures “fair access to all market participants”, (effectively the same as the third principle) this will mean all participants have the same rule set applied to them and data capabilities will range in sophistication to allow users to tailor it to their own needs. And finally, the fifth principle includes the public disclosure of listing practices and market rules, involving a strict adherence to a transparent listing process which favors “sophistication and security of technology” as well as “market demand and regulatory considerations”. Follow Chepicap now on Twitter and Telegram!