What is the listing of new cryptocurrencies on exchanges

Indicators

Specialists of platforms pay attention to such parameters when listing new cryptocurrencies:

• Functionality. Preference is given to cryptocurrencies with practical significance. The use of a koin to solve specific problems is a plus for developers.
• Security. Compliance with the standards of the site is an important factor for getting approval. Insufficient security of the project may entail a hack, which will affect the reputation.
• Professionalism of the team. Some sites request data on developers, their achievements.
• Compliance of the project with legal requirements.
• Prelisting results. After the project has been evaluated by experts, a vote is held among the users of the trading platform. The results of the poll affect the speed of consideration by the commission. Cryptocurrencies that received more votes are studied first.

Listing fees

Including a company in trading instruments is a costly process for its founders. The amount of the fee depends on the popularity of the platform. The prices of large exchanges for cryptolisting can reach millions of dollars.

However, there are ways to go through the procedure for free. For example, some small exchanges may not charge a fee. Large ones sometimes hold promotions, within the framework of which the service is free. A good example is voting among users on Binance. The winning coin gets the right to a free listing.

It is impossible to name the exact exit price. The data are contained in confidential contracts, which stipulate a condition of non-disclosure.

The table shows the approximate listing fee (information collected on forums).

Binance CEO Changpeng Zhao mentioned in a statement that no amount of money will make them list low-quality projects. He encourages developers to think about whether their cryptocurrency is good enough in the first place. To prove his words, he reminded that such projects as Efirium, Lightcoin, EOS, Ripple were added for free.

However, the founders of the companies are ready to invest large sums. Successful listing with major exchanges is a sign of the quality of the coin, which attracts new users.

Delisting

Getting a project listed on a trading platform does not guarantee that it will stay there forever. The service can delist a company from the resource. The coin can be removed from the platform for several reasons:

• Changes on the part of regulators.
• Hacking of the cryptoproject.
• Complaints from traders.
• Developers do not adhere to the development plan.
• Lack of price growth over a long period of time.
• Low liquidity.
• Non-compliance with the rules of the crypto exchange.
• Fraud on the part of developers.

If the price often rises when the asset is included in the trades, delisting has a negative impact on the exchange rate. The removal of cryptocurrency from the trading platform is perceived negatively by traders. Users realize that the project is unpromising and sell the asset.

Strategies for earning on the listing

Expecting an increase in the price of the asset, traders can profit when the koin enters the open market. The principle of earning is simple:

1. Tracking news and looking for companies planning to list.
2. Buying the asset before it hits the exchange.
3. Selling the koin after it is listed.

It is important to get the timing right. Beginners are recommended to sell koins within a few days after the coin enters the market. If the user knows how to analyze the correction phase, it is possible to wait for a higher price.

It is important for traders to assess the risks and pay attention to:

• The popularity of the trading platform. The release of the coin on small exchanges may not cause the expected growth of quotations.
• Prospectivity of the coin. Entering the open market does not always affect the dynamics of coin sales.
• Credibility of news and publications. The announcement may not be true. It is recommended to check information and trust official sources.

The best exchanges for making money

Services build strategies for accepting new assets in different ways:

• Binance. The platform’s goal is to add as many quality coins as possible and create liquidity.
• Kraken. The resource offers few tools for trading. Coins are carefully selected. Attention is paid to cryptocurrencies with the highest turnover.
• Bitstamp. The service is focused on European digital assets and works in this region.

Some crypto exchanges bring anycoins to the market without properly analyzing the project. The main thing is to attract an audience of traders. Often these are Asian services.

Choosing a crypto exchange, developers should look at:

• Reliability and security of the resource.
• Limitations of the platform.
• Efficiency and globalization of the service.
• The price of the procedure.

Summary

The inclusion of cryptocurrency in the list of resources available for trading is an event that largely determines further trends in the development of the project. Thanks to the listing, companies can:

• Increase investor interest in the koin.
• Expand the user base.
• Increase the reputation of the project and the level of trust.
• Increase capitalization.
• Gain new prospects for development.

For traders it is a great opportunity to earn on short-term investments.

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