In an effort to boost transparency, %Cryptocurrency exchange %Coinbase ($COIN) is labeling some %DigitalCoins and %Tokens as “experimental.”
Coinbase says the new label will be applied to %Cryptocurrency assets that are either new to the trading platform or have thin trading volumes.
“Our goal is to be as transparent as possible with our customers regarding trading risks,” said Coinbase Product Manager Ishan Wahi in a blog post. “We are introducing a new experimental label on asset pages and a disclosure when executing trades for some assets.”
Coinbase has said that expanding its offerings at such a fast clip means that more newly created digital coins and tokens are being listed on its platform, and those assets come with added risks such as volatile price swings and order cancellations.
The “experimental” label won’t impact customers’ ability to send, receive, buy, sell and/or hold any assets on the Coinbase exchange, the company said.
The price of %Bitcoin ($BTC), the world’s biggest cryptocurrency by market value, is currently at $38,700 U.S., having fallen below the $40,000 U.S. level last weekend. %Ethereum ($ETH), the second largest cryptocurrency, is trading at just over $2,500 U.S. per coin.