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OKCoin, RADAR, and eToro join Crypto Rating Council (CRC)

OKCoin, RADAR, and eToro join Crypto Rating Council (CRC)

CRC recently announced three new members, OKCoin, RADAR, and eToro have joined Crypto Rating Council (CRC).

The Crypto Rating Council initiative offers a point-based securities rating framework.  The framework assesses if any crypto asset is likely to be classified and designated as a security under the U.S. federal securities laws. 

The rating is given from 1 to 5. A rating of 1 means the Council’s analysis found that an asset has few or no characteristics consistent with treatment as security. A rating of 5 means the Council’s analysis found that an asset has many characteristics strongly consistent with treatment as security.

Major opinion

The Crypto Rating Council in a blog post said, "Since the launch of the Crypto Rating Council (CRC) and the initial publication of twenty asset scores last fall, we have made steady progress engaging the developer community, recruiting new members, and producing additional asset scores."

Five New Crypto Assets are Rated

According to the CRC website, CRC already has eight members viz. Anchorage, Bittrex, Circle, Cumberland, Coinbase, Genesis, Grayscale, Kraken. The three new members bring the total CRC member count to eleven.

Additionally, the council has also rated five more new crypto tokens. Cosmos (ATOM), Livepeer (LPT), Dash (DASH), Ethereum Classic (ETC), and Horizen (ZEN) have their ratings now available at CRC website.

The blog post also noted that the CRC’s analysis is not endorsed by developer teams, regulators, or any other third party.

An analytical framework will be released in a few months and publish additional asset scores will be also published, notes the announcement.

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Mandar Pise Opinions expressed by techsutram contributors are their own. More details

Mandar is a seasoned software professional for more than a decade. He is Cloud, AI, IoT, Blockchain and Fintech enthusiast. He writes to benefit others from his experiences. His overall goal is to help people learn about the Cloud, AI, IoT, Blockchain and Fintech and the effects they will have economically and socially in the future.

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