Cryptocurrency exchange Kraken does not plan to change its listing structure over the US Securities and Exchange Commission (SEC), which earlier said that some altcoins listed on crypto exchanges might be labeled as securities.
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Kraken's incoming CEO, Dave Ripley, told Reuters in an interview that even though the SEC is criticizing Coinbase over listing tokens that similar to securities, Kraken won't remove tokens from its listing. He added:
"There are not any tokens out there that are securities that we're interested in listing. There could be some new token out there that becomes interesting and also happens to simultaneously be a security [and] in that case, we would potentially be interested in that path."
As iHodl earlier reported, the SEC is reportedly probing Coinbase over its listing process. According to three people close to the matter, the regulator wants to find out whether the exchange improperly let Americans trade tokens that should have been registered as securities.
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