Coinbase’s Global Digital Asset Exchange (GDAX) has released the framework on evaluating digital asset listings on the platform.

The extensive framework outlines a number of criteria for digital asset listings including technology, legal and compliance, market supply and demand, and crypto economics, among others. It clarifies that the tokens should not be classified as a security using Coinbase’s Securities Law Framework and should not affect Coinbase or GDAX’s ability to meet compliance obligations.

“Tokens backed by fiat or other physical assets are categorized as US securities and will not be considered at this time,” it said.

However, it also states:

“We reserve full and absolute discretion to list, not list, or de-list any asset for trading on GDAX regardless of how the criteria in this framework may apply to the asset. We expect this framework to evolve over time.”

In a blog post, GDAX head Adam White said that the exchange will add assets which align with this framework.

“By sharing this framework we hope to improve transparency and highlight the factors we evaluate when considering which new assets to support on GDAX,” White said. “This framework is not intended to be a definitive methodology, investment advice, or a commitment to support any specific asset. As the technology, use cases, and regulatory environment evolve, so too will this framework.”

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