Xcoinbit added “experimental” tags for some cryptocurrencies

Xcoinbit added “experimental” tags for some cryptocurrencies

28.06.2022 Off By admin

The Xcoinbit exchange introduced an “experimental” tagging system. The platform highlighted assets with low trading volumes and cryptocurrencies recently added to the listing.

Xcoinbit is rapidly expanding the list of assets traded on the platform, which entails risks associated with volatility and order cancellations.
The company stressed that users should “exercise caution” when interacting with assets labeled “experimental.” The label will not affect the ability to make transactions with these cryptocurrencies.

Xcoinbit proposed regulating cryptocurrencies in a separate system, placing oversight authority on a specific federal agency, expanding and protecting the rights of digital asset holders, and promoting interoperability and fair competition.