![]() Pristine code and a killer solution to a real-world problem.However, the general approach is similar at most cryptocurrency trading platforms. The listing process differs among different exchanges. Moreover, having a token listed on reputable exchanges adds credibility and boosts the reputation of a blockchain project as only high-quality projects’ tokens are perceived to be listed on the biggest exchanges. The same phenomenon has been experienced by other digital currencies and tokens when they were listed on major exchanges, especially those with fiat currency gateways in major markets such as South Korea, Japan, and Europe. The more reputable the exchange, the better.įor example, when it was announced that Litecoin was to be listed on leading US cryptocurrency exchange Coinbase, the price of Litecoin (LTC) jumped by over 25 percent and subsequently rallied to a new all-time high in the months to follow. There is a positive correlation between the value of a cryptocurrency and the number of exchanges on which it is listed. Conversely, the more difficult it is to buy a token, the more likely it is that it will struggle to gain or even maintain its value over time. The more investors have access to a token, the more likely they will buy it. Equity Tokens on the Blockchain: The Next Step Forwardįor ICO-funded cryptocurrency projects, getting their digital token listed on numerous reputable exchanges can be a pivotal factor that determines the success or failure of the projects.Tokens Debate Matters to the SEC … and Investors Interestingly, while popular altcoin exchange Bittrex does not charge a listing fee, for example, there has been an incident recently where the exchange asked the Bitcoin Gold developer team to pay a fee for their digital currency to remain listed on the exchange.Īccording to a statement by Bitcoin Gold, due to the losses that Bittrex suffered during the 51 percent attack that Bitcoin Gold (BTG) suffered in May, Bittrex asked the Bitcoin Gold team to cover a part of the losses – worth 6000 BTG – to “take responsibility for chain.” When the Bitcoin Gold team refused, the exchange informed the involved parties that they will be delisted. However, these are often also the exchanges on which it is most difficult to get listed as they base their listing decision purely on the merit of the token and the project behind it. There are some exchanges – small, medium, and large – that genuinely do not charge for token listings. The top tier exchanges with the largest trading volumes will charge between $1 to $2.5 million for a token listing.The prices that second-tier exchanges charge range from 10 to 50 BTC ($60,000 to $300,000), which is a substantial amount for a startup that managed to raise less than one million during their token sale, for example. To get a cryptocurrency listed on a medium-sized exchange, however, there is a substantial jump in listing fees.For small exchanges, the listing fee can be as low as 1 to 5 BTC ($6,000 to $30,000), which is arguably affordable for most blockchain projects.The fee, however, varies greatly and is usually tied to the size and popularity of the exchange. How Much Does a Token Listing Cost in 2018?Īccording to information received by Bitcoin Market Journal, the majority of digital currency exchanges charge a listing fee. Just what can startups expect in the way of listing costs today? ![]() This presents a barrier to entry for many tokens, especially those from small ICO-funded blockchain startups. With increasing competition from over 500 exchanges and pressure on trading fees from decentralized exchanges and zero-fee trading platforms, exchanges are looking to generate revenue by charging listing fees. Exchanges are big business in the cryptocurrency sector. ![]()
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