Leading digital currency exchange, Coinbase has introduced a set of principles for their ‘suite of products and services designed specifically for the needs of institutional investors’. The principles are meant to help in conducting the global businesses. The goal is to attain an open financial system all over the globe. Coinbase mentioned in a blog that the latest range of products and services will aid in the “more efficient price discovery and driving methods for safer storage”.
“Today, we’re sharing a set of core principles that will guide our institutional business. This set of fundamental beliefs will act as our North Star as we design, develop, and operate our 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 blog said.
What are these core principles of Coinbase?
The company has laid out five core principles that will help the company to be the most trusted exchange for “storing, trading, and interacting with the world of cryptocurrency”.
The first principle asks to conduct a fair and orderly market. Secondly, the exchange believes in the principle of protecting their customers with institutional-grade infrastructure and processes. The third one states one should employ transparent market rules and governance. As per the fourth principle, participants in the market should be given fair access. Lastly, the exchange has stated that listing practices and market rules should be made publicly available.
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