{"id":52609,"date":"2023-02-08T10:30:27","date_gmt":"2023-02-08T10:30:27","guid":{"rendered":"https:\/\/www.etfworld.com\/co.uk\/?p=52609"},"modified":"2023-02-08T13:56:31","modified_gmt":"2023-02-08T13:56:31","slug":"21shares-and-coingecko-release-the-global-crypto-classification-standard-report","status":"publish","type":"post","link":"https:\/\/www.etfworld.com\/co.uk\/21shares-and-coingecko-release-the-global-crypto-classification-standard-report\/","title":{"rendered":"21Shares and CoinGecko Release The Global Crypto Report"},"content":{"rendered":"
21Shares AG today released The Global Crypto Classification Standard report, in partnership with CoinGecko \u2013 the world’s largest independent cryptocurrency data aggregator.<\/h5>\n

<\/p>\n

Sign up to our free newsletters<\/strong><\/a><\/p>\n

\n

Eli\u00e9zer Ndinga, Director of Research at 21.co, parent company of 21Shares<\/strong><\/p>\n

\n

The report aims to provide a standard classification model for the crypto industry and is the first phase of a partnership between 21Shares and CoinGecko<\/p>\n

The report creates a uniform way to categorize cryptoassets, so investors and regulators can better understand the nuances within the asset class.<\/p>\n

Unlike traditional financial assets, crypto varies drastically from one asset to another \u2013 creating a need for a standard way to summarize and understand the different assets. In order to solve this, the methodology introduced is composed of three levels of categorization, with each cryptoasset falling into one option within each level. The levels include:<\/p>\n

\u00a0\u00a0\u00a0 Level 1: Crypto Stack<\/strong> (i.e. cryptocurrencies, smart contract platforms, decentralized applications (dApps))<\/p>\n

\u00a0\u00a0\u00a0 Level 2: Market Mapping by Sectors<\/strong> (i.e. infrastructure, metaverse, decentralized finance) and Industries (i.e. developer tooling, payment platform, credit\/lending)<\/p>\n

\u00a0\u00a0\u00a0 Level 3: Taxonomy of Cryptoassets<\/strong> (i.e. cryptocurrency, staked currency, governance token and more)<\/p>\n

As an example, below the categories two assets, Bitcoin and Uniswap, fall under for each level.<\/p>\n\n\n\n\n\n
\n

Crypto Asset<\/b><\/span><\/p>\n<\/td>\n

\n

Ticker<\/b><\/span><\/p>\n<\/td>\n

\n

Level 1: <\/b><\/span><\/p>\n

Crypto Stack<\/b><\/span><\/p>\n<\/td>\n

\n

Level 2A:<\/b><\/span><\/p>\n

Sector<\/b><\/span><\/p>\n<\/td>\n

\n

Level 2B:<\/b><\/span><\/p>\n

Industry<\/b><\/span><\/p>\n<\/td>\n

\n

Level 3:<\/b><\/span><\/p>\n

Token Taxonomy<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Bitcoin<\/span><\/p>\n<\/td>\n

\n

BTC<\/span><\/p>\n<\/td>\n

\n

Cryptocurrencies<\/span><\/p>\n<\/td>\n

\n

\u00a0Infrastructure<\/span><\/p>\n<\/td>\n

\n

Payments<\/span><\/p>\n<\/td>\n

\n

Cryptocurrency<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Uniswap<\/span><\/p>\n<\/td>\n

\n

UNI<\/span><\/p>\n<\/td>\n

\n

Decentralized Application (dApp)<\/span><\/p>\n<\/td>\n

\n

\u00a0Decentralized Finance (DeFi)<\/span><\/p>\n<\/td>\n

\n

Decentralized Exchanges (DEXs)<\/span><\/p>\n<\/td>\n

\n

Governance Token<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\u201cCrypto is still in the early days \u2013 but it is key to have a standard way to classify the asset class so investors can understand both the commonalities and differences between the various assets,\u201d said Eli\u00e9zer Ndinga, Director of Research at 21.co<\/strong>, parent company of 21Shares<\/strong><\/span>. \u201cUpon meeting with CoinGecko, we knew the company\u2019s independent nature and reputation as a one-stop-shop to learn about new projects in the crypto space made them the right partner for this type of initiative.\u201d<\/p>\n

In addition to the report published today, 21Shares and CoinGecko used the methodology proposed to evaluate the Top 100 crypto assets by market capitalization. The classification \u2013 done in partnership between the two companies \u2013 will be available on the CoinGecko website by summer of 2023.<\/p>\n

\u00a0\u201cBeing able to systematically rank and classify cryptoassets, based on a research-driven approach, aligns well with our mission as an independent cryptocurrency data aggregator,\u201d said Bobby Ong, COO and co-founder of CoinGeck<\/strong><\/span>o. \u201cWe\u2019re thrilled to team up with 21Shares to provide consumers worldwide with a framework to anchor on, as the space evolves.\u201d<\/p>\n

Source: ETFWorld.co.uk<\/p>\n","protected":false},"excerpt":{"rendered":"

21Shares AG today released The Global Crypto Classification Standard report, in partnership with CoinGecko \u2013 the world’s largest independent cryptocurrency data aggregator.<\/p>\n","protected":false},"author":4,"featured_media":52610,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"telegram_tosend":false,"telegram_tosend_message":"","telegram_tosend_target":0,"footnotes":"","_wpscp_schedule_draft_date":"","_wpscp_schedule_republish_date":"","_wpscppro_advance_schedule":false,"_wpscppro_advance_schedule_date":"","_wpscppro_dont_share_socialmedia":false,"_wpscppro_custom_social_share_image":0,"_facebook_share_type":"","_twitter_share_type":"","_linkedin_share_type":"","_pinterest_share_type":"","_linkedin_share_type_page":"","_instagram_share_type":"","_medium_share_type":"","_threads_share_type":"","_google_business_share_type":"","_selected_social_profile":[],"_wpsp_enable_custom_social_template":false,"_wpsp_social_scheduling":{"enabled":false,"datetime":null,"platforms":[],"status":"template_only","dateOption":"today","timeOption":"now","customDays":"","customHours":"","customDate":"","customTime":"","schedulingType":"absolute"},"_wpsp_active_default_template":true},"categories":[12],"tags":[372],"class_list":["post-52609","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-etf-analysis","tag-21shares"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"_links":{"self":[{"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/posts\/52609","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/comments?post=52609"}],"version-history":[{"count":3,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/posts\/52609\/revisions"}],"predecessor-version":[{"id":52627,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/posts\/52609\/revisions\/52627"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/media\/52610"}],"wp:attachment":[{"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/media?parent=52609"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/categories?post=52609"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/tags?post=52609"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}