Coinbase CEO Brian Armstrong has released a guide detailing the exchange’s asset listing process.
Summary
- Coinbase CEO reveals 5-step asset listing process for transparent crypto approvals
- Listings are merit-based, free, and reviewed under legal, compliance, and security
- Approved tokens roll out via deposits, auctions, and full trading activation
Armstrong posted on X that the guide was released to provide transparency after receiving numerous questions about how cryptocurrencies get approved for trading.
The guide clarifies that listings are free and merit-based and that every asset is evaluated against identical standards.
Coinbase exchange listing has five key steps
The listing process involves five distinct steps:
- Apply with an online questionnaire.
- Coinbase then assess business factors such as market demand, community traction, and the technical requirements for integration.
- The asset is then evaluated by, at a minimum, our core reviews: legal, compliance, and technical Security
- The Coinbase team then typically communicates with issuers via email and phone/video calls.
- Lastly, once the review process concludes, assets that are approved are eligible to trade on Coinbase Exchange.
Applications require comprehensive documentation, which includes white papers, team backgrounds, tokenomics, source code links, block explorers, and third-party audit results.
Coinbase’s review timeline varies based on project complexity and submission completeness. Due diligence on tokens averages one week, with trading enabled within two weeks of approval.
The total timeline typically stays under 30 days from review initiation to listing, though this can be shorter or longer depending on various factors.
Tokens on supported networks including, Ethereum, Base, Solana, Arbitrum, Optimism, Polygon, and Avalanche can be processed faster than projects on new or unsupported chains, which require custom engineering work from the ground up.
Coinbase mandates three core reviews
Coinbase subjects every asset to three mandatory core reviews designed to protect customers and support market integrity.
The legal review determines whether trading the token constitutes a securities transaction under relevant jurisdictional frameworks. Compliance and risk mitigation assess token distribution and on-chain activity to identify financial crime and consumer safety risks.
Technical security reviews are one of the most comprehensive evaluations that look into contract code, design, and operational risks to decide safe custody and listing capabilities.
For new blockchains, this extends to technical design assessment, consensus mechanisms, network resilience, and governance models.
The exchange highlighted common roadblocks that delay approvals. This includes public statements that impact regulatory risk profiles, excessive centralized control in protocol architecture, and incomplete applications lacking governance, tokenomics, or technical documentation details.
Beyond core reviews, Coinbase evaluates market factors to decide listing priority and timing. These include trading volume, market capitalization, liquidity, number of holders, active wallets, total value locked, on-chain activity, community sentiment, and team track records.
Approved assets undergo a phased market rollout, beginning with transfer-only deposits to build liquidity. This is followed by an auction phase, collecting limit orders for at least 10 minutes to establish opening prices through natural price discovery.
