Coinbase to Label Some Assets as ‘Experimental’ in Bid to Boost Transparency

Cryptocurrency exchange Coinbase (COIN) has unveiled its “experimental” label that will be applied to those assets either new to the platform or with relatively low trading volumes.

• “Our goal is to be as transparent as possible with our customers regarding trading risks,” said Product Manager Ishan Wahi in a blog post on Monday. “We are introducing a new experimental label on asset pages and a disclosure when executing trades for some assets.”
• Wahi notes that Coinbase expanding offerings at such a fast clip means more newly created assets and added risks, such as higher price swings and order cancellations.
• The new label won’t impact customers' ability to send, receive, buy, sell and/or hold assets on Coinbase, the company said.
• In a tweet on Monday afternoon, Coinbase said that Aergo (AERGO), Aioz Network (AIOZ), Ethernity Chain (ERN) and Status Network (SNT) would all be labeled as "Experimental."

Read more: Coinbase Says Crypto Markets Resilient After Russian Invasion of Ukraine

UPDATE (March 8, 18:40 UTC): Updated with details of first assets to labeled as experimental in last bullet point.