Coinbase, Kraken, Binance.US join alliance for token disclosure standards

More than 40 major exchanges and financial firms, including Coinbase, Kraken, and Binance.US, have launched the Transparency Alliance, CoinDesk reported. The group has adopted the 'Token Transparency Framework,' developed by Blockworks, as its disclosure standard. Already, 44 major protocols, such as Morpho, Jupiter, and dYdX, have completed disclosures according to these criteria. The disclosures go beyond simple technical descriptions to include key data that has often been kept private, such as insider token allocations, contract terms with market makers, exchange listing agreements, and buyback programs.