With the aim to increase transparency of the crypto exchange, Circle Internet Financial Limited, a crypto startup backed by Goldman Sachs, has released details of its new Circle Asset Framework and Asset Listing Form.
Any cryptocurrency company willing to list its coin at Circle has to follow its Asset Framework which includes questionnaires across 5 broad categories – fundamentals, technology, people, business model, and market dynamics.
The company clarified that the framework is not a strict format considering the dynamic nature of the sector.
“We want to be clear: this framework is not intended to be a comprehensive checklist of requirements that projects must meet. We understand that projects may be at different points in the development cycle, and each brings something different to the table. Instead, this framework is meant to help us prioritize new listings according to the opportunity they present for Poloniex customers,” – Circle said.
Circle also mentioned that it would support forks, swaps or even airdrops of coins. However, these should be planned and well communicated with Circle’s team in advance.
If a coin does not follow the exchange’s standard, Circle might delist it.
Currently Circle lists 7 coins – Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, Monero, and Zcash – and with the release of the Asset Framework, it is clear that it is looking to list the high return-on-investment altcoins.
In February this year, Circle acquired a crypto exchange Poloniex for an estimated sum of $400 million.
