No Result
View All Result
  • Home
  • Business
  • Marketing
  • Finance
  • Home and Garden
  • Education and Career
  • Fashion and Beauty
  • Health
  • Tech
  • Home
  • Business
  • Marketing
  • Finance
  • Home and Garden
  • Education and Career
  • Fashion and Beauty
  • Health
  • Tech
No Result
View All Result
No Result
View All Result
Home Tech

How Do Crypto Exchanges Select Coins, What Does It Take to Get Listed?

Miles Austine by Miles Austine
March 15, 2021
in Tech, Tips and Tricks
0
0
SHARES
77
VIEWS
Share on FacebookShare on Twitter

If you are interested in cryptocurrency and exchanges, you might have noticed already that different platforms list different amounts and different types of coins. How do the exchanges choose these coins? Have you ever thought about it?

Different Platforms Have Different Criteria for Listing

The main reasons why different platforms list a different number of coins are different requirements for the coins to be listed. Along with the requirements, also some technical features of a platform are considered. For a better understanding, let us have a look at the determining factors that allow a specific coin to be listed.

Legal Requirements

This is, probably, one of the most important requirements to a coin. Both new exchanges such as a cryptocurrency exchange platform LetsExchange.io as well as those platforms that have been around for years operate in a specific legal environment. Thus, legal requirements might differ. However, there are the basics with which all the exchanges shall comply.

Every coin shall be compliant with AML (Anti-Money Laundering)/Combating the Financing of Terrorism law and other relevant security laws. To ensure this compatibility, exchanges validate coins and collaborate with third parties such as Crystal Blockchain Analytics to ensure the legal origins of crypto-coins.

Coins Shall Be Beneficial for a Project

Further, exchanges consider coins based on their suitability for the project. Here, a number of criteria can be considered. A couple of them are the following:

  • A team might consider whether the coin is going to help the project to develop.
  • Another factor is the supply and demand relation.
  • It means that behind a coin, a proven team shall be present.
  • Another option might be a coin that has proven itself as the one that has a big potential.

This list can vary from one exchange to another. But simply put, exchanges want good coins, those coins that can bring some benefits to an exchange.

Technical Characteristics

One more important factor for listing is the ability of the team behind a specific coin to react to feedback adequately and efficiently. For example, when a vulnerability is detected, the engineering team shall fix it asap. It is important not only for the team behind the coin but for a cryptocurrency exchange where the coin is listed.

Audit Results

Most platforms perform security audits of the blockchain and the smart contracts if such can be created. Also, the maintenance status and the availability of the source code are checked. It is made to ensure the top quality of coins.

Can a Coin Be Delisted?

Even if a coin was listed on a specific exchange, it doesn’t mean that it will hold this status forever. Exchanges apply also delisting criteria to check whether the coin shall stay or shall be removed from the exchange`s listings.

These criteria can differ, too. But among the most common ones, we can distinguish the following:

  • Low trading volumes – it indicates that the community has little interest in a coin.
  • Unresponsiveness of the team behind a specific coin – if there are some issues, and nobody is hurrying to fix them, the coin is at risk to be removed from the exchange`s listings.

As you can see, exchanges take care of their reputation and the safety of their users. Thus, all the coins are carefully checked.

Previous Post

Why Do Businesses Need SEO?

Next Post

Do You Love Sudoku? Here Are Most Quirky Facts About Your Favorite Game

Miles Austine

Miles Austine

Next Post
Do You Love Sudoku? Here Are Most Quirky Facts About Your Favorite Game

Do You Love Sudoku? Here Are Most Quirky Facts About Your Favorite Game

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Is physical education important for child development? 

Is physical education important for child development? 

15 hours ago
Muslin texture: delicate to the touch and vaporous

Muslin texture: delicate to the touch and vaporous

15 hours ago
What Giulia Fantacci is Doing To Help Victims of Human Trafficking

What Giulia Fantacci is Doing To Help Victims of Human Trafficking

16 hours ago
10 Main Tips for New Gardening Enthusiasts

10 Main Tips for New Gardening Enthusiasts

16 hours ago
What you should do if you lose your data from your hard drive on your laptop

What you should do if you lose your data from your hard drive on your laptop

1 day ago
How Can Biology Experiments Help Students Grow into Young Scientists?

How Can Biology Experiments Help Students Grow into Young Scientists?

1 day ago
Prestige Botanique- A Meticulously Exquisitely Planned 3 BHK Apartment

Prestige Botanique- A Meticulously Exquisitely Planned 3 BHK Apartment

2 weeks ago
Differences Between a Duplex and a Townhouse

Differences Between a Duplex and a Townhouse

2 weeks ago

Get Blogo is a web magazine platform. Our aim is to provide trending information. So that, our readers get benefited from this website. Our team is here to provide the latest news and information on different topics.

Category

  • Animals
  • Apps & Software
  • Automotive
  • Biography
  • Business
  • Celebrity
  • Education and Career
  • Electronic & Gadgets
  • Entertainment
  • Fashion and Beauty
  • Finance
  • Fitness
  • Food and Recipes
  • Gaming
  • Health
  • Home and Garden
  • Jobs and Services
  • Law
  • Lifestyle
  • Love and Relationship
  • Marketing
  • Miscellaneous
  • News & Politics
  • Nursing
  • Outdoor
  • Parents and Children
  • Politics
  • Real Estate
  • Social Media
  • Sports
  • Tech
  • Tips and Tricks
  • Travel
  • TV Shows
  • Writing
Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
Drew Pritchard Wikipedia – Wife, Divorce and Antique

Drew Pritchard Wikipedia – Wife, Divorce and Antique

January 1, 2020
Catherine Southon Wikipedia, Cancer, Husband and Children

Catherine Southon Wikipedia, Cancer, Husband and Children

December 28, 2019
Catherine Southon Wikipedia, Cancer, Husband and Children

Catherine Southon Wikipedia, Cancer, Husband and Children

0
Drew Pritchard Wikipedia – Wife, Divorce and Antique

Drew Pritchard Wikipedia – Wife, Divorce and Antique

0
Is physical education important for child development? 

Is physical education important for child development? 

June 30, 2022
Muslin texture: delicate to the touch and vaporous

Muslin texture: delicate to the touch and vaporous

June 30, 2022
  • About
  • Team
  • Privacy Policy
  • Editorial Policy
  • Terms & Conditions
  • Contact

Copyright © 2020, Get Blogo

No Result
View All Result
  • About
  • Contact Us
  • Disclaimer
  • Editorial Policy
  • Get Blogo – Web Magazine
  • Home 4
  • Home 5
  • Privacy Policy
  • Team
  • Terms And Conditions

Copyright © 2020, Get Blogo