Crypto exchange Coinbase shares core principles for institutional business

Leading cryptocurrency exchange Coinbase on Tuesday introduced its “Institutional Core Principles”.

In an online post, Adam White, Vice President and General Manager at Coinbase, shared a set of core principles that will guide the company’s institutional business. The announcement comes three months after the company announced a suite of institutional products.

The five key principles outlined by White include:

• Operate a fair and orderly market
• Institutional-grade infrastructure and processes
• Enforce transparent market rules and governance
• Provide fair access to all market participants
• Publicly disclose listing practices and market rules.

“This set of fundamental beliefs will act as our North Star as we design, develop, and operate our products. Ultimately, we intend for these core principles to drive us toward our goal of operating the most trusted venue for storing, trading, and interacting with the world of cryptocurrency,” White wrote.

Last month, Coinbase’s custodian service for institutional investors went live with an initial support for Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH). Earlier this month, it announced that Coinbase Custody is exploring a number of crypto assets for storage including Steem (STEEM), ICON (ICX), Bitcoin Gold (BTG), and others.