Polymath to Be Delisted From Coinbase Exchange on December 5th
Coinbase Exchange will delist Polymath (POLY) on December 5th at 7 PM UTC.
Refer to the official tweet by POLY:
Coinbase Assets 🛡ï¸📞@CoinbaseAssetsНоя 21, 2023We regularly monitor the assets on our exchange to ensure they meet our listing standards. Based on recent reviews, we will suspend trading for Polymath (POLY) on 12/5/23, on or around 2 PM ET.
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POLY Info
Polymath is a groundbreaking platform that facilitates the creation, issuance, and management of security tokens on the blockchain. While initially pioneering the ERC 1400 standard for security tokens on Ethereum, Polymath identified the limitations of existing blockchains in fulfilling the regulatory criteria of capital markets. This led to the development of Polymesh, a specialized, institutional-grade blockchain tailored explicitly for regulated assets.
Polymesh, developed by Polymath, is a dedicated blockchain designed explicitly for security tokens, making it the first of its kind. Its core foundations are built upon pivotal design principles centered around identity, compliance, confidentiality, and governance—factors critical for both institutional investors and regulatory bodies. These principles also facilitate intricate operations like settlement. Polymesh’s unique design provides a significant edge over general-purpose blockchains by offering a purpose-driven infrastructure that aligns with the demands of contemporary capital markets. Moreover, Polymath has enriched the Polymesh ecosystem with a suite of tools that allow even non-tech-savvy users to harness the blockchain’s capabilities effortlessly.
POLY operates as the integral utility token that powers the Polymath Token Studio on Ethereum. It serves as the primary currency utilized by issuers during the process of creating and overseeing security tokens within the Polymath platform.