- CoinGecko added a new section on its website that shows the top 48 crypto assets deemed to be securities by the US SEC.
- The combined market capitalization of those digital currencies is currently over $91 billion, representing 7.5% of the whole $1.21 trillion cap.
- CoinGecko’s new feature comes as a result of the war that the US SEC waged on two of the industry’s behemoths – Binance and Coinbase.
CoinGecko Introduces New Index Showing Crypto Assets Labeled Securities By The U.S. SEC
Cryptocurrency data aggregator CoinGecko has introduced a new index on its website showing the top 48 crypto assets deemed securities by the U.S. Securities and Exchange Commission (SEC). The combined market capitalization of those digital currencies is currently over $91 billion, representing 7.5% of the whole $1.21 trillion cryptocurrency market cap.
Leading Cryptocurrencies Labeled As Securities By The SEC
The leading digital asset on that list, with a market cap of over $37 billion, is Binance Coin (BNB). It is followed by Cardano (ADA), Solana (SOL), Tron (TRX), and Polygon (MATIC). Those five tokens account for over 75% of the entire market capitalization of all 48 coins included in the feature.
U.S SEC Waged War On Two Of The Industry’s Behemoths – Binance And Coinbase
CoinGecko’s new feature comes as a result of the war that the US SEC waged on two major players from within in industry – Binance and Coinbase – at the beginning of June 2021, alleging them both to have violated several rules and offering trading services with unregistered securities without approval from regulators or proper disclosures made to investors.