01/10/19 08:15 UTC-5

Launch of a cryptocurrency valuation system from Coinbase, Bittrex and Kraken

ExchangesCoinbase, Bittrex and Kraken are launching a cryptocurrency valuation system
Coinbase, Bittrex and Kraken are launching a cryptocurrency valuation system

The largest US Coinbase, Bittrex and Kraken cryptocurrency exchanges have launched a cryptocurrency securities compliance assessment system. This was reported by the American Wall Street Journal business publication.  


Valuation method

Exchanges have repeatedly succumbed to regulatory accusations of insufficient investor protection and non-compliance with federal laws, which also includes the problem of money laundering. From now on, it is up to the cryptocurrency rating to decide which cryptocurrency is a valuable asset and which not. Estimation of digital assets will be based on the rules and recommendations of the US Securities and Exchange Commission (SEC). A currency can be valued from 1 to 5 points and the higher the rating, the higher the likelihood that the currency has security properties.

The results of the evaluation of the first 20 tokens were published. So, Bitcoin, Litecoin, DAI and Monero received 1 point each – which means the probability of classifying them as securities is minimal. Also on the account of Ethereum (ETH), which received only 2 points. At risk were XRP from Ripple with 4 points. Values ​​of cryptocurrencies EOS, FOAM, Stellar (XLM), Tezos (XTZ), Augur (REP), Hedera Hashgraph (HBAR) and LOOM from Loom Network are close to the same value –  3.75 points.

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#Coinbase #Bittrex #Kraken #cryptocurrency #exchanges #investors #assets #tokens #Bitcoin #Litecoin Ethereum #Monero #Ripple

Editor: Alyona Deryabina