The Crypto world has a reliable exchange to buy, sell and trade many digital assets through the blockchain network. To ensure their next millions of users, coinbase.com has a user-friendly and secure platform that solidifies the bridge from Coinbase exchange to the crypto economy.
During the research, it was found that around 90% of crypto tokens never get considered for listing on the Coinbase platform as they didn’t meet the requirements. Coinbase is prioritizing the threat detection software for protection against various scams such as “pump-and-dumps”. This software is able to detect malicious software and block them to protect Coinbase users. In order to secure their users and their assets dumped in exchange, coinbase.com only lists assets that can meet its requirements and standards.
Here, we will understand how they decide which asset will be listed and which one will be get rejected.
How does Coinbase Wallet review digital assets?
To review assets, Coinbase tracks various project teams and project work the across web3 global network. The sequence of assets is not based on the popularity of the project, but the factors considered are the uprightness of their contributors, legitimateness of white paper of the project, details of token’s working procedure, engagement of their developer and how active their users are.
Coinbase.com only list asset if they meet their rigorous requirements for safety and security, reputability, and technical uprightness, whereas the majority of assets failed to meet guidelines and got rejected. Now coming to Coinbase’s software named threat detection software is helpful to detect dangerous malware to keep their users safe.
How does threat detection software work?
As blockchain technology is growing day by day, the system which reviews the assets will be strong enough to adapt updates. So, as a solution Coinbase came up with their exclusive secure trait analyzer, developed to detect the harmful software for your crypto and inform you. This threat detection software reviews tokens automatically and does in-depth research about the purpose of the project, its milestones and contributors. It detects code signatures, compares them with previously smart contracts and decides whether the token is a safer one or a harmful one. It also encounters harmful backdoor susceptibilities such as used rug pulls. When coinbase.com is sure that the asset is safe and meets all safety guidelines, it allows that asset to get listed.
Coinbase.com Signin is a reliable gateway to trade digital assets. For any crypto exchange, the safety of your assets comes first. Coinbase surpasses all the expectations regarding safety of cryptocurrency. They invested a large amount in safety software and tools to protect you from harmful assets and continuously updated their safety guidelines to weed out any risks