How Does a Derivatives Exchange Assess the Economic Security of an Underlying Asset?

A derivatives exchange assesses economic security by evaluating the cost to attack the underlying asset's network. They look at the hash rate and electricity costs (for PoW) or the market cap and staking ratio (for PoS/PoA).

They also consider the liquidity and trading volume. This assessment directly influences the exchange's risk parameters, such as margin requirements, collateral haircut percentages, and listing decisions.