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| Callisto Network 
| #CLO
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| CLO Price: | $0.00140 | | Volume: | $24.0 K | | All Time High: | $1.96 | | Market Cap: | $3.9 M |
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| Circulating Supply: | 2,812,246,304 |
| Exchanges: | 3
| | Total Supply: | 2,812,246,304 |
| Markets: | 10
| | Max Supply: | 6,500,000,000 |
| Pairs: | 10
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The price of #CLO today is $0.00140 USD.
The lowest CLO price for this period was $0, the highest was $0.00140, and the exact current price of one CLO crypto coin is $0.00139649.
The all-time high CLO coin price was $1.96.
Use our custom price calculator to see the hypothetical price of CLO with market cap of BTC or other crypto coins. |
The code for Callisto Network crypto currency is #CLO.
Callisto Network is 5.2 years old. |
The current market capitalization for Callisto Network is $3,927,271.
Callisto Network is ranked #670 out of all coins, by market cap (and other factors). |
The trading volume is modest during the past 24 hours for #CLO.
Today's 24-hour trading volume across all exchanges for Callisto Network is $23,968. |
| The circulating supply of CLO is 2,812,246,304 coins, which is 43% of the maximum coin supply. |
 | Coinbase Already in Line With SEC Proposal, Argues Company CLO
Yesterday, the SEC proposed new rules for crypto companies acting as qualified custodians for institutional funds.
The push for this change in legislation is due to the recent failures of crypto platforms to safeguard users’ assets from both cyberattacks and bankruptcy. The SEC argues that the reckless financial behavior exhibited by FTX, Celsius, and the like might destabilize the economy at large if left unchecked.
However, some crypto platforms have brushed the news off, stating that little or no adjustments would have to be made to their business model in order to comply with the regulation currently in the works.
Steps Already Taken to Protect Funds
In an interview with Bloomberg, Coinbase CLO Paul Grewal stated that not only is the company already compliant with the proposed changes to qualified custodian law – it is also a role model for other crypto platforms.
“I think that when it comes to Coinbase, we see SEC officials recognize that specifically, Coinbase is operating in a qualified manner. In a lot of ways, this is about bringing the rest of the industry to the standard Coinbase has set for itself.”
Grewal followed up with a similar statement on Twitter, commending the SEC for its initiative while reminding the crypto industry that nothing is set in stone yet.
Coinbase Custody Trust Co. is a Qualified Custodian today and will be a Qualified Custodian tomorrow. Today's proposal from @SECGov does not change this fact. While we commend the SE...
|  | Coinbase CLO Responds to Bankruptcy Concerns Surrounding Latest Earnings...
Paul Grewal – Chief Legal Officer at Coinbase – has cleared the air on the company’s latest 10q which included worrying language pertaining to the management of customers’ funds in the event of bankruptcy. Grewal stated that a bankruptcy event at Coinbase is highly unlikely, and explained how users’ funds are currently kept secure.
Are Customers’ Funds Safe?
In a statement on Wednesday, the CLO clarified that customer funds and corporate assets are kept separate within Coinbase’s internally audited ledger. Therefore, there are no questions about whose fiat currency – or cryptocurrency – belongs to whom.
Furthermore, the exchange does not engage in lending or other activities with customers’ assets unless given explicit permission to do so. In the 10q report released in May, Coinbase claimed that customers’ crypto assets were not protected by FDIC insurance.
In traditional finance, it is common practice for banks to use the funds deposited by their customers to issue loans. This means only a fraction of total deposits is available for withdrawal at any given time, creating risks for customers in the event of a bank run.
“Coinbase always holds customer assets 1:1,” stated Grewal. “This means that funds are available to our customers 24 hours a day, 7 days a week, 365 days of the year.”
The Bankruptcy Black Swan
The legal officer’s final point addressed the company’s retail user...
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