• CoinGecko has added a new section to its website that tracks the performance of cryptocurrencies labeled as securities by the US SEC.
• The combined market capitalization of those digital assets is currently over $91 billion, representing 7.5% of the whole $1.21 billion cap.
• Binance Coin (BNB), Cardano (ADA), Solana (SOL), Tron (TRX), and Polygon (MATIC) are some of the leading tokens on this index.
CoinGecko Adds New Section for Crypto Assets Labeled Securities by SEC
CoinGecko, a cryptocurrency data aggregator, recently added a new section on its website that shows the top 48 crypto assets deemed 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 billion cap.
Leading Tokens in Index
The largest digital asset on this 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 the 48 coins included in this feature.
SEC Lawsuits Against Binance & Coinbase
CoinGecko’s new feature comes as a result of lawsuits filed against exchanges Binance and Coinbase earlier this year by the US SEC for allegedly violating several rules and offering trading services with unregistered securities.
More Assets Classified as Securities
It is worth noting that there are more assets which have been classified as securities by the SEC other than those listed in CoinGecko’s index—such as Locke (LOCKE), Beaxy Token (BXY), Ducat(DUCAT).
Conclusion
Overall, CoinGecko’s new section provides an easier way to observe price performance for tokens deemed security by the SEC such as BNB, SOL, ADA and so forth.
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