Understanding our Standardization Process for Crypto Assets

This article provides an overview of our efforts to standardize crypto assets,  as well as our ongoing initiatives to ensure accurate and consistent asset information across our platform.

What is Standardization?

Standardization in crypto assets involves creating uniform criteria for naming, listing, and categorizing different cryptocurrencies based on their nature to improve user experience, enhance data accuracy, and maintain consistency across our platform.

In the past, the lack of standardization meant that data for similar assets could vary wildly from one platform to another. Variants of the same asset, such as a native USDT and Bridged USDT, were aggregated under the same native USDT page, which made it challenging for users to obtain reliable data, compare prices accurately, or even understand the market position of a non-native asset that is issued by third parties. At times, due to lack of volumes or hacks, non-native tokens may be priced inaccurately, skewing the aggregated prices of the original, native token.

At its core, standardization addresses the following issues:

• Diverse Asset Variants: Numerous variants of a single asset (e.g., native, bridged, wrapped) can lead to confusion without a clear system to distinguish them.
• Inconsistent Naming: Without standardization, asset names can vary significantly across platforms, creating challenges for users trying to track or compare them.
• Price Volatility: Non-standard listings can contribute to price discrepancies among asset variants, especially during market disturbances or exploits.
• Data Integrity Issues: Inaccurate or mixed asset data due to non-standard listings can mislead users, affecting investment decisions and trust in the platform.

Staying Updated

We are actively pursuing continuous improvement in our standardization processes. This includes refining our criteria, addressing new challenges in the crypto space, and ensuring our practices meet industry standards and user expectations. We regularly update our standardization policies and practices. Bookmark this page and visit it frequently to stay informed about the latest changes and updates.

Feedback and Improvements

Your feedback is crucial in helping us improve. If you have suggestions or need further information, please do not hesitate to reach out via opening a support ticket, at the top right corner of this screen.

Our commitment to Standardization is a core part of our mission to serve our users with integrity and accuracy. Thank you for trusting us! 

FAQs

1. How should I name my token/ coin to be listed on CoinGecko?

Not all asset types are subject to our Standardization methodology. For a list of asset types are however, please refer to this article: CoinGecko Asset Naming Methodology

2. How do I update/ add contract addresses of Stablecoins on CoinGecko?

As part of our effort to standardize crypto assets, we differentiate bridged and natively issued assets. This includes listing non-native stablecoins separately from its original version. Please refer to this article for more information: How to Update Stablecoin Contract Address on CoinGecko?

3. Why is it crucial to separate bridged stablecoins from natively issued stablecoins on CoinGecko?

If bridged and non-native stablecoins are not distinguished from native stablecoins, incidents affecting the bridged asset can distort the overall price data of the native asset, causing data inconsistency and inaccuracies. For detailed information, kindly refer to this article: Why Do We Separate Natively Issued vs. Bridged Stablecoins on CoinGecko?