What It Is and How It Works
Managing supported crypto-assets is an essential part of maintaining a secure and reliable digital payment ecosystem. You may come across the terms listing and delisting, but what do they actually mean?
This article explains how crypto-assets are added to or removed from the CityPay platform and the factors that influence these decisions.
What Is Crypto-Asset Listing?
Listing is the process of adding a new crypto-asset or blockchain network to the CityPay platform. Once a crypto-asset is listed, users can access the available services associated with it, including:
Buying crypto-assets
Selling crypto-assets
Sending crypto-assets
Receiving crypto-assets
Storing crypto-assets
Transferring crypto-assets
Using crypto-assets within supported CityPay services
Before a crypto-asset is listed, CityPay performs a comprehensive evaluation to ensure it meets all technical, operational, and regulatory requirements.
The assessment includes:
Compliance with applicable laws and regulatory requirements
Technical stability and reliability of the blockchain network
Readiness for secure platform integration
Sufficient market liquidity
Stable infrastructure and network performance
AML/CFT and sanctions compliance risk assessment
The ability to integrate the crypto-asset safely and securely into the CityPay ecosystem
Once a crypto-asset has been approved, information about its availability and support start date is published on the CityPay website and/or within the platform. From that moment, users can access the crypto-asset in accordance with the applicable Terms and Conditions.
What Is Crypto-Asset Delisting?
Delisting is the process of removing a crypto-asset or blockchain network from the CityPay platform. Once delisted, the crypto-asset is no longer supported for technical or operational use within the platform.
Delisting is never a random decision. It is based on objective factors related to security, regulatory compliance, or technical considerations.
Why Can a Crypto-Asset Be Delisted?
CityPay may decide to delist a crypto-asset in situations such as:
Regulatory authority requirements or directives
Violations of legal or sanctions requirements
Increased compliance or risk concerns
Significant technical issues affecting the blockchain network
Termination of network support by validators or infrastructure providers
Insufficient liquidity or inability to maintain a secure service
Internal decisions aimed at improving platform security, stability, or operational efficiency
How Does Listing or Delisting Affect Users?
When a crypto-asset is listed, users gain access to new functionality and additional supported services.
When a crypto-asset is delisted, users should carefully review any notifications published through the CityPay platform and take any required actions regarding their crypto-assets within the announced timeframe.
CityPay provides advance notice whenever possible to ensure transparency and allow users sufficient time to manage their crypto-assets.
Transparency and Security Come First
Listing and delisting are important parts of CityPay's ongoing risk management and platform governance processes.
These procedures help us:
Maintain a high level of platform security
Comply with applicable legal and regulatory requirements
Support reliable blockchain networks
Deliver secure and high-quality services to our users
Our priority is to provide a transparent, secure, and compliant environment for managing crypto-assets.