• May 21, 2024

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Coinbase Adds Label That Tags Some Cryptos as Experimental

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Cryptocurrency exchange Coinbase has introduced a system of “experimental” tags, which the platform now can use to mark assets with low trading volumes and newly listed cryptocurrencies, the exchange’s product manager Ishan Wahi has said:

“Our goal is to be as transparent as possible for our clients regarding trading risks, which is why we are introducing a new experimental label on asset pages and disclosing information during transactions with a number of cryptocurrencies.”

Coinbase is rapidly expanding the list of assets traded on the platform, which brings with it risks associated with volatility and order cancellations.

The company has emphasized that users should “exercise caution” when interacting with assets marked as “experimental.”