MetaverseNFTCoins.com
  • NFT News
  • Crypto News
  • Blockchain
  • Regulations
  • Scams
No Result
View All Result
MetaverseNFTCoins.com
No Result
View All Result

Binance CEO says token listing depends on the number of users

November 30, 2021
in Blockchain
Reading Time: 4 mins read
A A
Binance CEO says token listing depends on the number of users
ShareShareShareShareShare

Changpeng Zhao, the CEO of the largest cryptocurrency exchange platform, Binance, has laid out what it takes for a token to be listed on the exchange. Zhao stated that the number one factor for a token listing on the giant exchange is the number of users.

During a Forbes interview, Zhao noted that while there were other factors considered to get a token listing, the number of users was the “key metric”.

Binance considers the number of users to list tokens

“If a coin has a large number of users, then we list it. That’s the overwhelming significant attribute. Consider for example meme tokens, even though I personally don’t get it, if it’s used by a large number of users we list it. We go by the community, my opinion doesn’t matter,” Zhao stated.

Zhao also noted that if the token has a large number of users, it shows that it has value. He also urged developers who want their tokens to be listed on the exchange to include the number of users on the application form.

Binance currently supports 346 cryptocurrencies. It supports major cryptocurrencies such as Bitcoin and Ethereum, and it is popular with meme tokens such as Dogecoin and Shiba Inu. Recently, Floki Inu lodged a petition to be listed on Binance, but this is yet to happen. The average daily trading volumes on Binance are around $28 billion.

Exchanges focus on numbers

Sergei Khitrov, the founder of Listing.Help, crypto listing focused platform, has supported that numbers matter in the token listing. He noted that major exchanges such as Binance do not need to list small tokens because their revenues mainly came from trading volumes.

“This is one of the main problems that many projects do not understand. They should start with building a community. And that means not 500 or 10,000 people in a Telegram channel, but a much larger audience,” Khitrov stated.

OKEx, the second-largest exchange by trading volumes, currently supports 312 cryptocurrencies. The exchange’s trading volumes come at around $7 billion. Coinbase, the largest exchange in the US, supports around 123 tokens, with trading volumes of around $6 billion.

Your capital is at risk.

Read more:

Credit: Source link

ShareSendTweetPinShare
Previous Post

SAVAGE To Conduct its IDO via OccamRazer and FantomStarter on Dec 15

Next Post

Tornado Cash To Launch On Arbitrum

Next Post
Tornado Cash To Launch On Arbitrum

Tornado Cash To Launch On Arbitrum

Leave a Reply Cancel reply

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

Weekly Updates

Deribit Plans to Relocate HQ to Dubai from Panama

Deribit Plans to Relocate HQ to Dubai from Panama

January 26, 2023
Bitcoin Holds Steady Above $23K, White House Urges Congress to ‘Step Up’ Crypto Regulation

Bitcoin Holds Steady Above $23K, White House Urges Congress to ‘Step Up’ Crypto Regulation

January 27, 2023
Breaking: Robinhood Twitter Hacked and Used to Promote Crypto Scam

Breaking: Robinhood Twitter Hacked and Used to Promote Crypto Scam

January 25, 2023
White House report says it would a ‘grave mistake’ to deepen ties between crypto, broader financial system

White House report says it would a ‘grave mistake’ to deepen ties between crypto, broader financial system

January 27, 2023
Ripple partner joins forces with Visa to conquer billion-$-markets of Thailand and Australia – Report

Ripple partner joins forces with Visa to conquer billion-$-markets of Thailand and Australia – Report

January 28, 2023
MetaverseNFTCoins.com

This is an online news portal that aims to provide the latest NFT news, crypto news, blockchain, regulations, scams, and much more stuff like that around the world. We promise to share only high quality content from the world's best crypto sources. Feel free to get in touch.

What’s New Here!

  • US Senator Focused on Crypto Money Laundering Crackdown — Urges Congress, Regulators to Take Action – Regulation Bitcoin News
  • Hackers Launder $27 Million in Stolen Ethereum From North Korean
  • NFT Collection A.N.I.M.O Price, Stats, and Review

Subscribe Now

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 - metaversenftcoins.com - All rights reserved!

No Result
View All Result
  • NFT News
  • Crypto News
  • Blockchain
  • Regulations
  • Scams

© 2021 - metaversenftcoins.com - All rights reserved!

  • bitcoinBitcoin (BTC) $ 23,766.00 3.28%
  • ethereumEthereum (ETH) $ 1,644.21 4.56%
  • tetherTether (USDT) $ 1.00 0.15%
  • usd-coinUSD Coin (USDC) $ 1.00 0.12%
  • bnbBNB (BNB) $ 317.72 4%
  • xrpXRP (XRP) $ 0.415098 1.37%
  • binance-usdBinance USD (BUSD) $ 1.00 0.02%
  • cardanoCardano (ADA) $ 0.396493 4.21%
  • dogecoinDogecoin (DOGE) $ 0.090318 2.63%
  • matic-networkPolygon (MATIC) $ 1.17 3.49%
  • okbOKB (OKB) $ 39.48 0.51%
  • solanaSolana (SOL) $ 26.12 9.33%
  • staked-etherLido Staked Ether (STETH) $ 1,640.52 4.47%
  • polkadotPolkadot (DOT) $ 6.62 3.94%
  • shiba-inuShiba Inu (SHIB) $ 0.000012 2.62%
  • litecoinLitecoin (LTC) $ 94.83 3.16%
  • avalanche-2Avalanche (AVAX) $ 20.89 2.5%
  • tronTRON (TRX) $ 0.063904 1.14%
  • uniswapUniswap (UNI) $ 6.94 5.3%
  • daiDai (DAI) $ 1.00 0.05%
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 23,691.00 2.94%
  • cosmosCosmos Hub (ATOM) $ 13.86 5.78%
  • the-open-networkToncoin (TON) $ 2.47 1.31%
  • chainlinkChainlink (LINK) $ 7.38 2.93%
  • leo-tokenLEO Token (LEO) $ 3.70 2.44%
  • moneroMonero (XMR) $ 186.47 1.27%
  • ethereum-classicEthereum Classic (ETC) $ 23.06 5.83%
  • aptosAptos (APT) $ 18.24 3.65%
  • bitcoin-cashBitcoin Cash (BCH) $ 135.96 3.06%
  • stellarStellar (XLM) $ 0.094463 1.88%
  • apecoinApeCoin (APE) $ 6.29 5.13%
  • quant-networkQuant (QNT) $ 151.74 1.64%
  • nearNEAR Protocol (NEAR) $ 2.56 4.52%
  • crypto-com-chainCronos (CRO) $ 0.082462 1.83%
  • filecoinFilecoin (FIL) $ 5.48 3.37%
  • lido-daoLido DAO (LDO) $ 2.31 3.95%
  • algorandAlgorand (ALGO) $ 0.260907 1.91%
  • vechainVeChain (VET) $ 0.024587 2.21%
  • internet-computerInternet Computer (ICP) $ 6.21 2.05%
  • hedera-hashgraphHedera (HBAR) $ 0.069667 3.9%
  • decentralandDecentraland (MANA) $ 0.801168 16.38%
  • axie-infinityAxie Infinity (AXS) $ 12.26 8.2%
  • the-sandboxThe Sandbox (SAND) $ 0.795608 8.92%
  • aaveAave (AAVE) $ 87.65 4.49%
  • fantomFantom (FTM) $ 0.487733 8.83%
  • eosEOS (EOS) $ 1.12 2.5%
  • flowFlow (FLOW) $ 1.11 5.06%
  • elrond-erd-2MultiversX (EGLD) $ 45.31 2.29%
  • theta-tokenTheta Network (THETA) $ 1.11 4.25%
  • tezosTezos (XTZ) $ 1.16 5.6%