How Exchanges Choose Which Coins Will Be Added To Their Lists?

Choosing which coin will be a new addition on a certain exchange can have great influence on crypto enthusiasts and investors which will eventually result in a certain level of pumping the coin’s value.

The biggest exchanges choose tokens that they want to list in the future based on the performance of the crypto by comparing statistics historically on other platforms. Exchanges compare how the desired crypto performed qualitatively and quantitatively. Some exchanges only get in the business for the money. They get paid whenever they choose to list a new coin. Others, however, do a lot of research into the background of a certain project before they list it.

The bad part is that exchanges usually choose coins behind the scenes. The lack of transparency is what gets on the nerves of crypto enthusiasts and this is why they want new methods from the people behind the exchanges before choosing a new coin next time. The good news is that there are a couple of companies that offer new methods that will improve the quality when it comes to choosing a new coin.

Being listed on an exchange brings a positive effect for altcoins and also new ICO tokens because it provides a level of approval in the industry and also introduces a larger investor base. Most importantly, getting listed on a popular digital currency exchange results in a price boost for the token. It’s important to know that not only international crypto exchanges bring success to a project. Regional ones also have a huge impact because local investors can make decent profits using their own local currency.