Token Due Diligence

To ensure that any financial promotions of cryptoassets are ‘fair, clear and not misleading and in accordance with the FCA Rules, Banxa will provide its customers with a due diligence summary of any cryptoasset that are promoted to UK customers.

The due diligence summary will inform customers of the characteristics and the risks associated with the cryptoasset(s) and may include but is not limited to the following:

  • Coin
  • Year Established
  • Approximate number of transactions to date
  • Founder
  • Foundation
  • Privacy
  • Website
  • Whitepaper
  • Ease of custody (out of 10)
  • Code
  • Current Price
  • All time high
  • Market Cap
  • Total Supply
  • Maximum Supply
  • Technology
  • Consensus Mechanism
  • Liquidity
  • Background
  • Risks (e.g. financial, technological, security, regulatory/legal, custody)
  • Regulatory Status

Tokens to be offered in the UK:

The due diligence summary is not intended to be a substitute for any legal, tax or financial advice and you should obtain your own independent legal, tax, financial or other advice before deciding whether the purchase and/or sale of the cryptoasset is suitable to your unique circumstances.

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