Here’s What It Takes To Get Listed on Kraken, According to the Crypto Exchange’s Chief Legal Officer

Kraken’s chief authorized officer Marco Santori says crypto property on his alternate bear a multi-pronged compliance, cybersecurity and authorized assessment course of earlier than being listed for buying and selling.

Santori explains in a brand new interview with Actual Imaginative and prescient Crypto that Kraken weeds by way of hundreds of crypto property and chooses to assist “just a few” tokens.

“We try this through a couple of completely different strategies. One is, after all, the enterprise case. Will we imagine there’s precise curiosity from our customers on this asset? As soon as that has been established — and that, by far, is the best filter that we now have on new property — then the asset undergoes a sturdy compliance assessment, the place the asset is reviewed for compliance with sanctions legal guidelines, for politically uncovered individuals (PEPs) being concerned within the mission.

We then assessment it for cybersecurity. We take a look at the asset to make sure it meets our requirements for the factor being a token that works on a community. We don’t need to assist a token that our personal implementation would fail for. After which it goes to authorized assessment.”

One of many steps of that authorized assessment is guaranteeing that the token will not be a safety, in keeping with Santori.

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