Coinbase CEO Clarifies ResearchCoin Listing Roadmap
- Coinbase CEO addresses transparency concerns over ResearchCoin listing.
- Brian Armstrong clarifies lack of voting rights in asset approval.
- Market anticipates potential trading impacts from inclusion.
Coinbase CEO Brian Armstrong confirms ResearchCoin (RSC) is added to the exchange’s listing roadmap, addressing potential conflicts linked to his ties with ResearchHub.
Armstrong’s transparency aims to assure stakeholders of unbiased governance, amid probable speculative market activities surrounding RSC due to its Coinbase listing mention.
Coinbase CEO Brian Armstrong has clarified the addition of ResearchCoin (RSC) to the platform’s listing roadmap, following concerns about potential conflicts due to his association with ResearchHub. The announcement focused on transparency and governance protocols.
Armstrong emphasized that all assets go through a thorough review process by the Digital Asset Support Group (DASG), ensuring compliance and security. He, as a co-founder of ResearchHub, does not possess voting rights in the asset listing decisions.
The announcement has generated considerable attention, with many anticipating its impact on ResearchCoin’s market dynamics. Historically, tokens added to Coinbase’s roadmap have seen jumps in liquidity and trading volume. No immediate shifts in other major cryptocurrencies were noted.
No official funding or grants tied directly to this decision have been reported. Concerns over potential conflicts have been addressed, outlining preventive measures put in place to maintain transparency and integrity within Coinbase’s operations.
Armstrong’s prior commitments, including not selling RSC for four years, were reaffirmed. The crypto community awaits the market implications of this roadmap inclusion, speculating on whether it will prompt significant price movements or trading activity increases.
The roadmap inclusion reflects on institutional diligence, with past examples showing tokens like MOODENG and FAI experience remarkable gains post-inclusion. Such events often signal positive regulatory and trading outlooks, fostering heightened market interest.
Brian Armstrong, CEO, Coinbase, stated: “As a co-founder of ResearchHub, I want to share some details about the preventive measures taken a few years ago to eliminate conflicts of interest: all assets listed on Coinbase will be reviewed by our Digital Asset Support Group (DASG). DASG will review all assets listed on Coinbase from legal, compliance, and network security perspectives; I am not a member of DASG, so I do not have voting rights to decide which assets receive listing approval; my relationship with ResearchHub has been disclosed to the Coinbase board, which is standard practice; I wrote a blog post on this topic in March 2022 and publicly committed not to sell RSC for at least four years – this commitment remains unchanged to this day.” Source
