Top U.S. cryptocurrency exchange Coinbase said it is willing to support any legitimate proof-of-work (PoW) fork of Ethereum (ETH) following its highly anticipated September merger.
Coinbase Say It wants to look at each future Ethereum fork individually.
“Coinbase is committed to fully supporting the merged and upgraded Ethereum PoS (Proof of Stake) chain.
At Coinbase, our goal is to list all assets that are legal and safe. We will evaluate any ETH forked tokens after The Merge on a case-by-case basis in accordance with our standard asset listing policy.
Rest assured that all potential Ethereum forks, including PoW forks, will go through the same rigorous listing review process as any other asset listed on our exchange. “
In an interview with Lex Fridman late last month, Coinbase CEO Brian Armstrong stated that the goal of the crypto exchange is to eventually list as many tokens as possible, as long as they are in terms of security, compliance and the actors behind the project. Meet the company’s standards.
“We also look at some of the compliance parts of it, like the actors behind it and any kind of criminal history and so on. If we think it meets our listing criteria, basically legality testing and customer protection everything, then We want to list it because we want the market to decide at that point.
It’s a bit like Amazon or something like that, a product might have three or five stars, but if it starts getting one star consistently, it could be a fraud or something defective, and maybe Amazon will remove it. Otherwise, you want the market to decide what these things are…
I’m sure there will be millions of these assets over time, so I hope in the future it won’t be in the news every time we add an asset, basically. “
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