What happens to the coins that Binance adds to its listing?
Piper FrederickDec 16, 2021 · 3 years ago3 answers
When Binance adds a new coin to its listing, what is the process that the coin goes through? How does Binance determine which coins to add and what happens to the coins that are not selected?
3 answers
- Dec 16, 2021 · 3 years agoWhen Binance adds a new coin to its listing, there is a thorough evaluation process that takes place. Binance has a team of experts who review the coin's technology, team, market potential, and other factors to determine its suitability for listing. If a coin meets Binance's criteria, it is added to the listing. However, not all coins that apply for listing are selected. The coins that are not selected may not meet Binance's standards or may not have enough market demand. These coins may need to improve their technology, gain more community support, or demonstrate a stronger market presence before being considered for listing again.
- Dec 16, 2021 · 3 years agoAdding a new coin to Binance's listing is a competitive process. Binance receives numerous applications from different projects, and only a few are selected. The selection process involves a comprehensive review of the coin's technology, team, market potential, and other factors. Binance aims to list coins that have a strong community, a solid development team, and a clear use case. The coins that are not selected may need to work on improving their fundamentals or gaining more recognition in the market.
- Dec 16, 2021 · 3 years agoAt BYDFi, we have a similar process for adding coins to our listing. We carefully evaluate each coin based on its technology, team, market potential, and other factors. If a coin meets our criteria, it is added to our listing. However, not all coins that apply for listing are selected. The coins that are not selected may need to improve their fundamentals or gain more market recognition before being considered for listing again.
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