Coinbase said it proposed two projects for improvements to U.S. standards on accounting for crypto assets in its response to Financial Accounting Standards Board’s invitation to comment.
- “We believe there is a pervasive need to improve the accounting for crypto assets,” Coinbase said in an open letter
- Over the last year, the total crypto assets’ market capitalization grew more than 5x with a total market value over $2 trillion, as of Sept 15, it said
- “More importantly, the innovation is just beginning. Now is the time to improve the accounting for crypto assets”
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