An Update of The Global Crypto Classification Standard: Q3 2023

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21Shares are pleased to release the Q3 2023 update of the Global Crypto Classification Standard (GCCS), developed by 21Shares and CoinGecko. This initiative serves as an industry taxonomy to demystify the misconceptions about cryptoassets and shed light on commonalities and differences of this burgeoning asset class. Twice a year, we will update GCCS to reflect the rapid evolution of this space.
This update aims to amend some categorizations within each level (1-3) to simplify Global Crypto Classification Standard and help investors better understand the crypto space. These are the key takeaways:
LEVEL 1 – Crypto Stack
• In Level 1, we have changed “Cryptocurrencies” to “Payment Platforms” to be more consistent with the other parts of the stack.
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