The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Coinbase and Kraken Form New Crypto Ratings System – Bitcoin, Ethereum, XRP, Litecoin, EOS, Stellar, Monero

by Daily Hodl Staff
September 30, 2019
in Altcoins

San Francisco-based digital asset exchanges Coinbase and Kraken are introducing a new points-based rating system that suggests whether cryptocurrencies are subject to US securities laws.

According to Coinbase’s official blog post,

“The result of the analysis is a score which makes it easy for members to synthesize the analysis across many tokens and make their own, independent business decisions about whether or how to support [or list a cryptocurrency].”

The system uses guidance provided by the US Securities and Exchange Commission (SEC). It was created by the Crypto Rating Council (CRC), an organization that lists Anchorage, Bittrex, Circle Internet Financial, Coinbase, DRW Cumberland, Genesis Trading, Grayscale Investments and Kraken as its founding members.

The CRC system aims to provide regulatory clarity on whether digital currencies like Bitcoin should be treated as securities. Its goal is to help companies analyze the legal aspects of crypto projects and to assist financial services firms that are planning to add support for certain crypto assets, but are not sure whether they comply with regulatory requirements.

The framework rates cryptocurrencies on a scale of one to five, with a rating of one assigned to assets that have very few characteristics of traditional financial instruments or do not meet any of the criteria of a security. A rating of five means that the asset is most likely a security.

Coinbase’s management clarifies that the Council’s ratings are determined independently. 

“The [ratings] are not endorsed by the SEC, Commodity Futures Trading Commission (CFTC), or any government agency, developer team, or other third party, and they are not legal advice.” 

Although the Council may seek feedback from development teams, crypto project developers have no influence over the analysis process and the majority of the ratings have been assigned without obtaining information directly from developers, the announcement states.  

Bitcoin (BTC), Litecoin (LTC) and Monero (XMR) are least likely to be subjected to securities laws, the rating framework suggests. The Ripple-associated XRP token appears to fit the criteria of a financial security, according to the rating system.

Source: CRC Ratings

CRC Ratings
1 – least likely to be a security  5 – likely to be a security

  • Algorand (ALGO) – 2.00
  • Augur (REP) – 3.75
  • Bitcoin (BTC) – 1.0
  • Chainlink (LINK) – 2.0
  • Dai (DAI) – 1.0
  • Decentraland (MANA) – 3.75
  • EOS (EOS) – 3.75
  • Ethereum (ETH) – 2.0
  • FOAM (FOAM) – 3.75
  • Hedera Hashgraph (HBAR) – 3.75
  • Litecoin (LTC) – 1.0
  • Loom Network (LOOM) – 3.75
  • Maker (MKR) – 4.5
  • Monero (XMR) – 1.0
  • Numeraire (NMR) – 2.0
  • Polymath (POLY) – 4.50
  • Stellar (XLM) – 3.75
  • Tezos (XTZ) – 3.75
  • XRP (XRP) – 4.00
  • Zcash (ZEC) – 2.00
    Source: CRC Ratings
Ripple’s management is currently fighting a lengthy court battle in which it faces allegations that XRP is a security and should be subjected to US securities laws. Meanwhile, Ripple CEO Brad Garlinghouse highlights a report from the UK Financial Conduct Authority that classifies XRP as an exchange token, not a security.

Coinbase notes in the announcement,

“We expect that some ratings will change over time and we will accept and consider feedback from asset issuers when they want to share additional information or clarifications that may impact an asset’s rating.”

[the_ad id="42537"] [the_ad id="42536"]
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Industry Announcements

  • Aster Launches 24/7 Stock Perpetual Contracts Trading with Exposure to U.S. Equities
    July 16, 2025
  • The Sandbox Launches Largest LAND Sale to Date on GBM Auctions
    July 16, 2025
  • Vision (VSN) has arrived: the new standard for user-centric token ecosystems
    July 16, 2025
  • Snail, Inc. Announces Intent to Explore Proprietary USD-Backed Stablecoin
    July 16, 2025
  • MultiBank Group Announces Seven Million MBG Tokens Sold Out in Under One Hour During Initial Pre-Sale
    July 15, 2025
  • Allnodes Among First To Launch Bare Metal Servers Powered by AMD Threadripper 9000 Series
    July 15, 2025
  • Swarm Network Selects Walrus To Power Verifiable AI on Rollup.News
    July 15, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$119,419.00
$119,419.00
2.12%
Ethereum
$3,358.64
$3,358.64
9.2%
BNB
$708.78
$708.78
3.05%
Solana
$173.40
$173.40
6.79%
XRP
$3.05
$3.05
5%

Spotlight

  • Bitcoin Setup Suggests Explosive Rally Incoming, According to Analyst Who Called 2021 Crypto Top
    July 9, 2025
  • Goldman Sachs Abruptly Raises Targets for S&P 500, Predicts Fed Cutting Rates Earlier Than Expected: Report
    July 9, 2025
  • Investor Tom Lee Says Bitcoin Adoption Still in ‘Earliest Days,’ Predicts US Banks Will Soon Hold BTC As Collateral
    July 9, 2025
  • Bitwise CIO Reveals 4,000x Prediction, Says Ethereum, XRP, Solana and Others Will Be Impacted From One Booming Trend
    July 9, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl