Crypto Rating Council Rates XRP, POLY and MKR to Be Securities
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Sept. 30, 2019
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A diverse group of leading crypto financial services firms, including Coinbase, Kraken, Circle and Bittrex, has founded a special council that will be responsible for growth and maturation of cryptocurrency markets and related financial infrastructure.

The new council called the Crypto Rating Council has already ranked up to 20 digital assets on a scale of 1 to 5, with the highest value signifying that a token is a security.

Crypto Rating Council Rates XRP, POLY and MKR to Be Securities

According to the council's official website, bitcoin (EXANTE: Bitcoin), litecoin (LTC), dai (DAI) and Monero (XMR) have received a score of 1, while ripple (XRP), polymath (POLY) and maker (MKR) received 4.0, 4.50 and 4.50 respectively, which means that these tokens have definite similarities with securities.

The council states that both ripple and maker use a securities-like language and marketing of the token suggesting an opportunity to earn profits

Earlier iHodl reported Binance, the world's largest cryptocurrency exchange by adjusted trading volume, announced delisting 30 trading pairs from its platform in order to improve the liquidity and trading experience of users among its wide range of available assets.

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