Coinbase has unveiled a set of guiding principles aimed at institutional investors, as per the latest crypto news update. The exchange has taken this measure to facilitate the adoption and growth of its new range of products. Vice President and General Manager, Coinbase, Adam White in a blog post stated that these guiding principles will help in creating a framework for the market participant experience. These principles will ensure security, fairness, transparency, high-quality infrastructure and processes, access to all participants, provision of all necessary information, and protection from malicious activity.
The exchange intends to ensure fairness on the platform through a Market Operations team, according to White. This team will actively monitor markets and carry out surveillance practices that are akin to tier one global exchanges.
As per the crypto news update doing the rounds in the market, this team will be actively monitoring to detect suspicious trading behavior. It will also possess the ability to halt and re-establish liquidity wherever necessary. In order to reduce the risk for investors in areas such as compliance, cybersecurity, operating standards, and onboarding, the exchange promises to offer institutional grade infrastructure and processes.
The Coinbase exchange also intends to commit to regular third-party audits in order to ensure the security of its customers. It will continue offering custody services with the help of high-security cold-storage techniques.
The exchange said that it will provide a market rulebook to ensure equal treatment, transparency, and access to all needed information at all times. This rulebook will be specifically developed to cater to the unique structure of the crypto asset market. The Coinbase exchange said that its institutional services will ensure that all market access methods are documented and made public, as mentioned in the CCN report.
The Coinbase platform, as per the crypto news update, will be cooperating with other industry participants as and when required for the benefit of its customers. The exchange is publishing these guiding principles at a crucial time, as the crypto market is preparing itself for the entry of large institutional investors.
The post Crypto News: Coinbase Unveils Guiding Principles Aimed At Institutional Investors appeared first on OWLT Market.
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