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Title: It's going to get harder for alts to list on the big exchanges Post by: alyssa85 on October 04, 2019, 11:29:12 AM See the following:
https://www.forbes.com/sites/billybambrough/2019/09/30/bitcoin-giants-coinbase-circle-kraken-bittrex-grayscale-and-others-band-together-to-rate-tokens/#68441bac7a01 Quote Now, bitcoin trading and investment giants Anchorage, Bittrex, Circle, Coinbase, DRW Cumberland, Genesis, Grayscale, and Kraken have banded together to create the Crypto Rating Council in order to better decide which digital assets can and cannot be traded on their platforms. The group have created what they call a "scalable, points-based rating system" to help define whether a cryptocurrency is or is not a security. The system will use a set of several dozen questions, "derived directly from SEC guidance and case law." "We also worked hard to focus our framework on objective, repeatable, fact-driven questions that can be answered consistently by technical experts across different assets and over time," Coinbase wrote in a blog post announcing the council. The system will give bitcoin and similar digital tokens a score between one and five, with a score of one meaning the council’s independent analysis suggests the asset has few or no characteristics consistent with a traditional regulated security. So in addition to paying them a lot to get listed, the developers of new alts need to jump through these new opaque hoops. Title: Re: It's going to get harder for alts to list on the big exchanges Post by: Bttzed03 on October 04, 2019, 11:51:43 AM I appreciate the effort to raise the standard but them banding together is like scratching each others back. Does that mean they are not capable in reviewing altcoins on their own in accordance to the SEC guidelines?
When it comes to altcoin listings, I don't see any difference. They will still undergo a review whether it's done by exchanges in collaboration with others or on their own. Title: Re: It's going to get harder for alts to list on the big exchanges Post by: GGmith on October 04, 2019, 12:00:33 PM I strongly agree with the implementation of the coin system in the Exchange, this will have a good effect on consumers who want to trade crypto and also convenience. I see many tokens or altcoins that don't have daily trading volume and don't have prices but are listed on the exchange.
Title: Re: It's going to get harder for alts to list on the big exchanges Post by: Gozie51 on October 04, 2019, 12:05:24 PM The angle that I'm looking at it from is in the area of shit project. Although, popular exchanges require a lot of many or token in the case of binance to list a coin but if the project has no use value, this is another aspect.
Title: Re: It's going to get harder for alts to list on the big exchanges Post by: Eugenar on October 04, 2019, 12:09:28 PM I think one of the reason it is going to be hard for altcoins to be listed on exchanges is, the heavy cost that exchanges like Binance are charging, the recent incident which happened of Digibyte shows that. Binance charging 3% tokens of the total supply and $300,000 is a lot of amount. I also agree with the point which you have mentioned about exchanges rating the project and monitoring the altcoins before listing, this could be counted as fundamental analysis of the tokens before listing but the actual challenge would be convincing these exchanges to get them listed. In that case of a huge amount of money in return for the exchange listing, it is necessary for only a truly legit and reputable company can be listed to a certain exchange. It is a great way to reduce scam coins being listed, at the same time, provides value to the coin that will going to be listed. Technically, exchanges have also their evaluation of the coins in their databases, they often remove coins or cryptos that are being outperformed in the market. Title: Re: It's going to get harder for alts to list on the big exchanges Post by: Quidat on October 04, 2019, 12:10:25 PM I think one of the reason it is going to be hard for altcoins to be listed on exchanges is, the heavy cost that exchanges like Binance are charging, the recent incident which happened of Digibyte shows that. Binance charging 3% tokens of the total supply and $300,000 is a lot of amount. Cz did make some response towards to this issueI also agree with the point which you have mentioned about exchanges rating the project and monitoring the altcoins before listing, this could be counted as fundamental analysis of the tokens before listing but the actual challenge would be convincing these exchanges to get them listed. https://news.u.today/news/binance-cz-responds-to-complaints-of-dgb-coin-founder-about-its-dismissal-community-reacts For the topic with these big exchanges listing then they do all have the power on what would be their criteria on listing a particular coin but it wont be a new thing that this will always tied up with some ridiculous listing fees neither upfront or on backdoor. Title: Re: It's going to get harder for alts to list on the big exchanges Post by: Strongkored on October 04, 2019, 12:50:21 PM No matter how good they make a benchmark there will definitely be a gap to break the framework they set to determine the points for crypto that are eligible to be entered.
Because it is in the form of a group, it is possible that they do not have a unanimous voice about the evaluation of the crypto. But hopefully this can reduce crypto whose initial purpose is only to deceive and make the crypto world more developed in a good direction. Title: Re: It's going to get harder for alts to list on the big exchanges Post by: prehisto on October 04, 2019, 01:42:49 PM This is for US customers only, the rest of the world has not those restrictions.
If you would have paid attention to Coinbase in the past, you would know that they are very slow and cautious about what they are listing, this alliance will be better for them and even help them decide faster than before. Title: Re: It's going to get harder for alts to list on the big exchanges Post by: Javi_Anibarro on October 04, 2019, 01:51:40 PM This is for US customers only, the rest of the world has not those restrictions. If you would have paid attention to Coinbase in the past, you would know that they are very slow and cautious about what they are listing, this alliance will be better for them and even help them decide faster than before. Or practically, almost every international exchanges are like that whether it is they are asking a ton of money or legalization. It has never been so easy for them to get listed on those big exchanges, unlike those crappy exchanges such as Gravinex, CB and his peers that can be done as long as you have a few Bitcoin. personally speaking, this is not a big deal. Because it is created to target those big shots and creating a source of income for SEC itself. Bittrex is backed by SEC, right? Title: Re: It's going to get harder for alts to list on the big exchanges Post by: asriloni on October 04, 2019, 02:08:18 PM It should be noted if that will be applied for US-based exchange sites. We know that there's a lot of US-based exchange sites, but they are not so popular as they were in the past. But it looks like the bad news is not only coming for the new alts, but it seems like there will be a lot of coins that already listed will not pass the Howey test as the standard to determine is that a security coin or not. I believe there will be a massive wave of delisting comes from those exchange sites. Someone with me about this? Title: Re: It's going to get harder for alts to list on the big exchanges Post by: qwizzie on October 04, 2019, 02:28:14 PM Dash added to Coinbase
Dash added to Coinbase Pro Dash listed among other coins for future integration on Binance US Dash listed on Cointrade.cx (a rapidly growing Brazilian exchange) Dash listed on Vaultoro (cryptocurrency and gold trading service) Dash listed on Bibox (cryptocurrency exchange servicing primarily Asian markets) Dash listed on Smart Valor (Swiss cryptocurrency exchange and security token platform) Dash listed on NovaDAX (cryptocurrency exchange from Brazil) Dash listed on TurtleNetwork DEX (Decentralized Exchange) Dash listed on Bitasset (Hong Kong-based cryptocurrency exchange) Dash listed on CriptoLAGO (state-licensed cryptocurrency exchange in Venezuela) This is all from just the last 4 weeeks.. Maybe some altcoins have difficulty getting listed on big exchanges, but not Dash. Title: Re: It's going to get harder for alts to list on the big exchanges Post by: wedosgibas on October 04, 2019, 02:41:38 PM It will provide developments for the advancement of cryptocurrency in market. Of course, new altcoin must be able to prove it, whether it is worthy to compete in market or not.
Title: Re: It's going to get harder for alts to list on the big exchanges Post by: NathanJB on October 04, 2019, 03:07:59 PM This should have been implemented a long time ago. The reason why the exchanges are full of shitcoins is that most of them do not have a high standard set for listing. Perhaps the hardest part is the very expensive fees charged by the top exchanges but apart from that everything could be haggled between the developers and the exchanges. But oftentimes coins with big names in the crypto world are listed automatically, others are invited. That is how the exchanges are also attracting solid traders and investors.
Title: Re: It's going to get harder for alts to list on the big exchanges Post by: yazher on October 04, 2019, 03:13:57 PM Actually this helps investors a lot, especially when choosing an Altcoins to invest their money with. they will no longer need to fear for a sudden dump of the fake altcoins, you know what I mean those pump and dump coins are used to make people invest them turn their investment into dust.
because after the dump the coins will no longer usable cause there will be no longer updated and development and the volumes will stay low all the time. with this new rule being implemented all of the new coins will be listed on the big exchange will be worth to invest our money with. If they have a real project and some real plan on their whitepapers. Title: Re: It's going to get harder for alts to list on the big exchanges Post by: o48o on October 04, 2019, 03:23:16 PM Actually this helps investors a lot, especially when choosing an Altcoins to invest their money with. they will no longer need to fear for a sudden dump of the fake altcoins, you know what I mean those pump and dump coins are used to make people invest them turn their investment into dust. because after the dump the coins will no longer usable cause there will be no longer updated and development and the volumes will stay low all the time. with this new rule being implemented all of the new coins will be listed on the big exchange will be worth to invest our money with. If they have a real project and some real plan on their whitepapers. It doesn't sound like this is group is formed for that purpose. They are mainly giving a tool to predict if some tokens/coins are going to be securities or not, and to help with the regulatory system. Pump and dump coins are a whole different problem. Title: Re: It's going to get harder for alts to list on the big exchanges Post by: lobat999 on October 04, 2019, 03:25:57 PM See the following: https://www.forbes.com/sites/billybambrough/2019/09/30/bitcoin-giants-coinbase-circle-kraken-bittrex-grayscale-and-others-band-together-to-rate-tokens/#68441bac7a01 Quote Now, bitcoin trading and investment giants Anchorage, Bittrex, Circle, Coinbase, DRW Cumberland, Genesis, Grayscale, and Kraken have banded together to create the Crypto Rating Council in order to better decide which digital assets can and cannot be traded on their platforms. The group have created what they call a "scalable, points-based rating system" to help define whether a cryptocurrency is or is not a security. The system will use a set of several dozen questions, "derived directly from SEC guidance and case law." "We also worked hard to focus our framework on objective, repeatable, fact-driven questions that can be answered consistently by technical experts across different assets and over time," Coinbase wrote in a blog post announcing the council. The system will give bitcoin and similar digital tokens a score between one and five, with a score of one meaning the council’s independent analysis suggests the asset has few or no characteristics consistent with a traditional regulated security. So in addition to paying them a lot to get listed, the developers of new alts need to jump through these new opaque hoops. If I'm not mistaken, I think most of those alts will still be eligible to list on those large exchanges as long as it is not categorized as a security - which is covered by regulating bodies such as SEC and may have to comply with certain requirements as mandated by existing laws and regulations (in other words, it has too many red tape). So far, I understand that article pertains to the creation of CRC - Crypto Rating Council to categorized any crypto as a security or not via a rating method. Interestingly, Bitcoin was given a rating of 1 - meaning to say it is less likely to be a security and so does other cryptos because if a crypto is indeed considered as a security, exchanges will have to undergo regulatory compliance prior to a tokens listing and that I think exchanges are trying to avoid with. Here is the link for a similar topic for reference: https://bitcointalk.org/index.php?topic=5188888.msg52605858#msg52605858 Title: Re: It's going to get harder for alts to list on the big exchanges Post by: Capt00 on October 04, 2019, 03:40:46 PM This is good to do like they really study if the alts will get list or be help by their big exchanges because many really turn scam or hack only They probably did this because they have a reason also and for the seek to build a more trusted crypto environment.So base in this then i think this can turn more trust about the new alts in many big exchanges like crypto market will really grow by this like many users,traders and investors will do risk or invest here in crypto What SEC emphasize is to be one of the reliable market design and those questionable crypto coins could be hung outside. It is also a part of every crypto developers to show that they can be trusted and they are worthy to be listed with known market exchanges. Cause a numerous project today worth nothing and what SEC have to do is to keep traders and investors away from being scam or lose their money because of this shit projects. Title: Re: It's going to get harder for alts to list on the big exchanges Post by: kidbounty on October 04, 2019, 04:45:47 PM See the following: https://www.forbes.com/sites/billybambrough/2019/09/30/bitcoin-giants-coinbase-circle-kraken-bittrex-grayscale-and-others-band-together-to-rate-tokens/#68441bac7a01 Quote Now, bitcoin trading and investment giants Anchorage, Bittrex, Circle, Coinbase, DRW Cumberland, Genesis, Grayscale, and Kraken have banded together to create the Crypto Rating Council in order to better decide which digital assets can and cannot be traded on their platforms. The group have created what they call a "scalable, points-based rating system" to help define whether a cryptocurrency is or is not a security. The system will use a set of several dozen questions, "derived directly from SEC guidance and case law." "We also worked hard to focus our framework on objective, repeatable, fact-driven questions that can be answered consistently by technical experts across different assets and over time," Coinbase wrote in a blog post announcing the council. The system will give bitcoin and similar digital tokens a score between one and five, with a score of one meaning the council’s independent analysis suggests the asset has few or no characteristics consistent with a traditional regulated security. So in addition to paying them a lot to get listed, the developers of new alts need to jump through these new opaque hoops. isn't this good, I hope they can give an appropriate assessment. they should have done this long before the crypto market collapsed. but no problem, for sure in the future we will not see altcoin shit in a big exchange. Title: Re: It's going to get harder for alts to list on the big exchanges Post by: takngantuk on October 04, 2019, 05:22:30 PM this is good for the crypto market. I support the steps taken by the big exchange. in the future only altcoin that has a good ranking, which listings in large exchanges. This makes the market grow better, compared to the current altitude shit lots that are in large exchanges. and altcoin shit doesn't even have an impact on the crypto market.
Title: Re: It's going to get harder for alts to list on the big exchanges Post by: Barracuda on October 04, 2019, 05:41:55 PM this is good for the crypto market. I support the steps taken by the big exchange. in the future only altcoin that has a good ranking, which listings in large exchanges. This makes the market grow better, compared to the current altitude shit lots that are in large exchanges. and altcoin shit doesn't even have an impact on the crypto market. I also agree with this. As you said, this is indeed very good for the crypto market. The more difficult the project to enter the exchange because of the conditions or regulations applied, then each project will try to make the project run in order to be listed on a large exchange. Whatever the steps are, I fully agree. Title: Re: It's going to get harder for alts to list on the big exchanges Post by: Byakuga on October 04, 2019, 06:11:52 PM See the following: All i notice on the list are just coinbase and bittrex still i don't see binance,huobi, kucoin,gate, and all others so this is not a big fix at all compared to if all exchange do the same thing but i am in support, anything that will make garbage coins disappeared off crypto space i am totally in https://www.forbes.com/sites/billybambrough/2019/09/30/bitcoin-giants-coinbase-circle-kraken-bittrex-grayscale-and-others-band-together-to-rate-tokens/#68441bac7a01 Quote Now, bitcoin trading and investment giants Anchorage, Bittrex, Circle, Coinbase, DRW Cumberland, Genesis, Grayscale, and Kraken have banded together to create the Crypto Rating Council in order to better decide which digital assets can and cannot be traded on their platforms. The group have created what they call a "scalable, points-based rating system" to help define whether a cryptocurrency is or is not a security. The system will use a set of several dozen questions, "derived directly from SEC guidance and case law." "We also worked hard to focus our framework on objective, repeatable, fact-driven questions that can be answered consistently by technical experts across different assets and over time," Coinbase wrote in a blog post announcing the council. The system will give bitcoin and similar digital tokens a score between one and five, with a score of one meaning the council’s independent analysis suggests the asset has few or no characteristics consistent with a traditional regulated security. So in addition to paying them a lot to get listed, the developers of new alts need to jump through these new opaque hoops. Title: Re: It's going to get harder for alts to list on the big exchanges Post by: Impaler on October 04, 2019, 06:34:45 PM I think ithis change is for good. Cause we saw many scams. And more than that many dead projects. If a alt in not secure then its better to keep distance form that. I think now devs or team of the alts will be more responsible to great good project. Earlier a bad project could list if they have enough money. But that not gonna happen now.
Title: Re: It's going to get harder for alts to list on the big exchanges Post by: Mighty_crypt on October 04, 2019, 06:59:31 PM No its not going to be hard for altcoins to get listed on big exchange because i bet not all exchanges will follow this procedure, only bad developers will get disturbed by this, its not a bad idea though but at the same time this is not a solution to scam projects tormenting crypto space
Title: Re: It's going to get harder for alts to list on the big exchanges Post by: jsizar on October 04, 2019, 07:00:53 PM There are not so much really innovative alts
Title: Re: It's going to get harder for alts to list on the big exchanges Post by: target on October 04, 2019, 07:22:30 PM Its very possible. projects will not just pay for listing fee but will also pay for them to be defined by the council, meaning discussed in the council table.
Binance must be in that "OTHERS" because obviously they rely to binance decision when they delist BSV. and yet they are now creating this Crypto Rating Council? :) Title: Re: It's going to get harder for alts to list on the big exchanges Post by: TravelMug on October 04, 2019, 07:23:48 PM I think this is good in the long run. Now developers will need to perform their best and not just produce a quick token here and there just to make a quick money.
I think this is born out because of the strict law of US SEC, if you just haven't notice there's a lot of cases being filed by SEC to those project which is deem as STO. So I'm in with this one and I'm sure everyone will benefit from this move and it will be positive. Title: Re: It's going to get harder for alts to list on the big exchanges Post by: forexandcryptoauditor on October 04, 2019, 07:26:10 PM Now a days when projects are struggling to reach their hard cap(even soft cap in some cases), due to huge fees and less funds availability, its very difficult to get listed for these projects on big exchanges. And in addition to that, the mentioned criteria fulfillment will be very much hectic to projects.
Only genuine projects with big investments can achieve listing on renowned exchanges. Title: Re: It's going to get harder for alts to list on the big exchanges Post by: alyssa85 on October 04, 2019, 07:36:09 PM Its very possible. projects will not just pay for listing fee but will also pay for them to be defined by the council, meaning discussed in the council table. Binance must be in that "OTHERS" because obviously they rely to binance decision when they delist BSV. and yet they are now creating this Crypto Rating Council? :) It's definitely mysterious as to why some alts get listed and others don't. For example, they've given Ripple a rating. Why? Does anyone in the real world anywhere actually use Ripple? Or are they listed just because they have well-connected developers and a marketing board? Title: Re: It's going to get harder for alts to list on the big exchanges Post by: hashman on October 04, 2019, 07:54:33 PM So much coins at crypto world and already so much coins at exchanges. More coins result dividing of the volume. While some exchanges delist some coins, Binance as the leading exchange preferred removing some trading pairs at some coins, which is good for trading volume.
And Binance announced that for listing they bring back the Community Vote System for listing new coins. They changed rules for the advantages of BNB holder. BNB holders can only vote the coins and they will get airdrop rewards if their coin wins. Title: Re: It's going to get harder for alts to list on the big exchanges Post by: lobat999 on October 04, 2019, 11:42:32 PM Dash added to Coinbase Dash added to Coinbase Pro Dash listed among other coins for future integration on Binance US Dash listed on Cointrade.cx (a rapidly growing Brazilian exchange) Dash listed on Vaultoro (cryptocurrency and gold trading service) Dash listed on Bibox (cryptocurrency exchange servicing primarily Asian markets) Dash listed on Smart Valor (Swiss cryptocurrency exchange and security token platform) Dash listed on NovaDAX (cryptocurrency exchange from Brazil) Dash listed on TurtleNetwork DEX (Decentralized Exchange) Dash listed on Bitasset (Hong Kong-based cryptocurrency exchange) Dash listed on CriptoLAGO (state-licensed cryptocurrency exchange in Venezuela) This is all from just the last 4 weeeks.. Maybe some altcoins have difficulty getting listed on big exchanges, but not Dash. Seems very impressive! Though the CRC did'nt rate DASH yet - https://www.cryptoratingcouncil.com/asset-ratings which I feel it is less likely to be a security, then it will not have a hard time listing on other exchanges especially that DASH is one of the coins with very good fundamentals and innovations! (Reminds me of Darkcoin's early days! :)) Title: Re: It's going to get harder for alts to list on the big exchanges Post by: Rebisco on October 04, 2019, 11:46:39 PM I think it is because of the requirements that they should fulfill first, a lot of developers of altcoins are only focusing to earn profit and not to improve their products and services. There are now only few altcoins that are successfully listed in an exchange because of their good team and developers.
Title: Re: It's going to get harder for alts to list on the big exchanges Post by: poornamelessme on October 05, 2019, 12:14:17 AM I'm not sure if that rating council means much. If the exchanges are willing to list XRP and state it's not a security, then what coin is really?
Title: Re: It's going to get harder for alts to list on the big exchanges Post by: mhine07 on October 05, 2019, 12:31:55 AM Its because the bigger exchange the higher the price to be payed before an altcoin can be list , and it takes a bigger volume also to be approved by big exchanges to list a certain coin/altcoins. There are many altcoins that are being delisted from big exchanges because their volume is too low and also one factor is that the coin stops the development.
Title: Re: It's going to get harder for alts to list on the big exchanges Post by: lobat999 on October 05, 2019, 03:21:47 AM Its because the bigger exchange the higher the price to be payed before an altcoin can be list , and it takes a bigger volume also to be approved by big exchanges to list a certain coin/altcoins. There are many altcoins that are being delisted from big exchanges because their volume is too low and also one factor is that the coin stops the development. What you've stated isn't the reason why alts will find it more harder to list on big exchanges, rather, if they will be considered as security tokens as per ratings from CRC then they will definitely be obliged to comply with regulatory requirements since buying and selling securities shall be regulated as what the law mandates. Additionally, this has nothing to do with listing fees and volume requirements before an exchange considers to list any particular token. Please see the link from OP for further reference.. Title: Re: It's going to get harder for alts to list on the big exchanges Post by: altcoinEra on October 15, 2019, 08:11:57 PM Hi guys, haven't found GRM on any particular big exchange for a reasonable price. Could you suggest a good one with GRM available?
Title: Re: It's going to get harder for alts to list on the big exchanges Post by: khirech on October 15, 2019, 08:14:05 PM Hi guys, haven't found GRM on any particular big exchange for a reasonable price. Could you suggest a good one with GRM available? What exchanges have you seen? I found few days ago a great exchange called bitrexchange, they trade GRAMs for a price of 3 or 4 $ each. That's the great deal I thought and bought some, hope to hold them till release/Title: Re: It's going to get harder for alts to list on the big exchanges Post by: altcoinEra on October 15, 2019, 08:22:02 PM All big and popular one's. Ive wanted to catch GRM for 2 dollars each, but lost some time now it's trading 4 or even 6. Haven't heard of site you mention, is it safe to buy there?
Title: Re: It's going to get harder for alts to list on the big exchanges Post by: khirech on October 15, 2019, 08:23:55 PM All big and popular one's. Ive wanted to catch GRM for 2 dollars each, but lost some time now it's trading 4 or even 6. Haven't heard of site you mention, is it safe to buy there? I had doubts as well, but decided to try with small amounts first and then increased to 1200 GRM per transfer. Bought a total of 5350 GRAMs. Pretty fair deal it was. Hopefully hasn't spent too much time on bitrexchange as they work very quickTitle: Re: It's going to get harder for alts to list on the big exchanges Post by: altcoinEra on October 15, 2019, 08:28:26 PM A wise movement, :o. 5350 is too much for me, I don't have so much at my disposal. I mean money. As for the buying options, I can buy with card and with wallet?
Title: Re: It's going to get harder for alts to list on the big exchanges Post by: khirech on October 15, 2019, 08:31:52 PM A wise movement, :o. 5350 is too much for me, I don't have so much at my disposal. I mean money. As for the buying options, I can buy with card and with wallet? Sure, they accept all kinds of payment, really like how easy it is to exchange on bitrexchange, hopefully they add some more currencies and tokens in the future. A great exchange. Would you test it?Title: Re: It's going to get harder for alts to list on the big exchanges Post by: royalfestus on October 15, 2019, 08:38:02 PM I dont understand where the high cost of listing comes up with the article but how long will it take to effect the regulation on altcoins. However, we need the regulation also for ICO not only altcoins. We also need to be sure that exchanges cant be bought and the requirements can be maneuvered by scammers. The bound from exchanges should be effective especially with caliber of exchanges listed.
Title: Re: It's going to get harder for alts to list on the big exchanges Post by: altcoinEra on October 15, 2019, 08:38:19 PM Yeah, why not, I am testing right now, now exchanging bitcash there. Took 5 minutes in total, very good. I'm satisfied with your choice! Where have you found bitrexchange?
Title: Re: It's going to get harder for alts to list on the big exchanges Post by: JCviggen on October 15, 2019, 08:39:59 PM I think it is because of the requirements that they should fulfill first, a lot of developers of altcoins are only focusing to earn profit and not to improve their products and services. There are now only few altcoins that are successfully listed in an exchange because of their good team and developers. several altcoins from several thousand. this is very small. the market is very weak and at such a time projects show their true face. if they were good they would be able to hold on and large exchanges themselves would offer them a listingTitle: Re: It's going to get harder for alts to list on the big exchanges Post by: khirech on October 15, 2019, 08:40:05 PM Yeah, why not, I am testing right now, now exchanging bitcash there. Took 5 minutes in total, very good. I'm satisfied with your choice! Where have you found bitrexchange? Here, on bitointalk as well, I regularly check different threads depending my own interest. Lot's of cool and interesting staff can be found here on talk. Title: Re: It's going to get harder for alts to list on the big exchanges Post by: LbtalkL on October 15, 2019, 08:43:36 PM Well, this is great I hope many top or decent exchanges will join their move this really benefits us all. It will minimize some scam projects to be listed, We all know that scammers and bad actors sometimes will gamble and willing to pay the fees on exchanges just to list and then exit scam. For sure more verification and review will be done on this process.
Title: Re: It's going to get harder for alts to list on the big exchanges Post by: altcoinEra on October 15, 2019, 08:45:13 PM Yeah, why not, I am testing right now, now exchanging bitcash there. Took 5 minutes in total, very good. I'm satisfied with your choice! Where have you found bitrexchange? Here, on bitointalk as well, I regularly check different threads depending my own interest. Lot's of cool and interesting staff can be found here on talk. Title: Re: It's going to get harder for alts to list on the big exchanges Post by: electronicash on October 15, 2019, 08:48:10 PM This is good to do like they really study if the alts will get list or be help by their big exchanges because many really turn scam or hack only They probably did this because they have a reason also and for the seek to build a more trusted crypto environment.So base in this then i think this can turn more trust about the new alts in many big exchanges like crypto market will really grow by this like many users,traders and investors will do risk or invest here in crypto What SEC emphasize is to be one of the reliable market design and those questionable crypto coins could be hung outside. It is also a part of every crypto developers to show that they can be trusted and they are worthy to be listed with known market exchanges. Cause a numerous project today worth nothing and what SEC have to do is to keep traders and investors away from being scam or lose their money because of this shit projects. so SEC will be part of this Crypto Rating Council who has now the power to ask exchanges not to list a particular project? we are becoming more centralized that even the listing of coins are monitored. if they can do this on DEX, i'd really think they have long arms to reach the people even those who are hiding behind the anonymity will not end well. its a good thing i'm not from US. Title: Re: It's going to get harder for alts to list on the big exchanges Post by: khirech on October 15, 2019, 08:51:32 PM Yeah, why not, I am testing right now, now exchanging bitcash there. Took 5 minutes in total, very good. I'm satisfied with your choice! Where have you found bitrexchange? Here, on bitointalk as well, I regularly check different threads depending my own interest. Lot's of cool and interesting staff can be found here on talk. Title: Re: It's going to get harder for alts to list on the big exchanges Post by: MicroGuy on October 15, 2019, 09:35:04 PM So in addition to paying them a lot to get listed, the developers of new alts need to jump through these new opaque hoops. Once we see decentralized exchanges take root, these regulators are going to have less influence. Title: Re: It's going to get harder for alts to list on the big exchanges Post by: kooboat on October 15, 2019, 09:36:21 PM Even until now, it has always been difficult for many projects to get their coins listed. Most of the developers of the new alts are really aware of this. To make things simple and easier for them to get their tokens listed on exchanges, they often opt for the smaller exchanges.
Title: Re: It's going to get harder for alts to list on the big exchanges Post by: Ailmand on October 16, 2019, 12:20:28 AM This would be good so that not all altcoins just because they have money to get listed can have their spot on big exchange. It could also be a way for this giant exchanges to comply with SEC since crypto is now growing. This could at least makenit difficult for scam project, or projects with no real product or use case to be listed.
Title: Re: It's going to get harder for alts to list on the big exchanges Post by: zeze18 on October 16, 2019, 12:24:06 AM It's no longer secret that if altcoins want to list on big exchange they have pay a lot of listing fee which almost impossible to new altcoins. I think the system like this is not good since there are many potential coins but not funded well
Title: Re: It's going to get harder for alts to list on the big exchanges Post by: cutesgirl on October 16, 2019, 12:50:40 AM Every altcoin want to listed with exchange market have paying fee based on which one exchange market, inside have minimum volume transaction in exchange market. Almost new coin dev looking with lower fee payment for listing coin on exchange and they have use shit exchange to listed coin because with lower fee have to pay and give bad for altcoin with lower price after listing.
Title: Re: It's going to get harder for alts to list on the big exchanges Post by: Viper1 on October 16, 2019, 01:01:17 AM I guess soon this will all be big business and even bitcoin (as it was way back in the day), could never get listed. Sad day.
Title: Re: It's going to get harder for alts to list on the big exchanges Post by: Apes on October 16, 2019, 01:14:18 AM This is not new news, it's been a long time since alt had difficulty entering into large listings. almost every project that emerges always promises to listings their coins in a large exchange. in fact most of them failed, for many reasons. in my opinion this rule has been going on for a long time only recently have they joined in formulating a joint rule.
Title: Re: It's going to get harder for alts to list on the big exchanges Post by: Aabcde on October 16, 2019, 01:21:31 AM It is burdensome for developers who want to enter large exchanges, but this is also precisely to eliminate the fake projects that roam. The entry into the large exchange indicated that the coins were indeed very serious in developing their respective projects. We'll see in the future what it looks like.
Title: Re: It's going to get harder for alts to list on the big exchanges Post by: bangdol on October 16, 2019, 01:27:10 AM because more and more altcoin will be very reasonable if large exchanges certainly provide more stringent rules for new altcoin who want to register on their exchanges. especially now that many altcoins don't have good trades, now exchanges should not be profit-only. choosing good coins will make the exchange also have a good impression for traders and investors.
Title: Re: It's going to get harder for alts to list on the big exchanges Post by: akungagal on October 16, 2019, 03:14:20 AM It is burdensome for developers who want to enter large exchanges, but this is also precisely to eliminate the fake projects that roam. The entry into the large exchange indicated that the coins were indeed very serious in developing their respective projects. We'll see in the future what it looks like. that's right, this is one way to prevent fake projects from being registered. i think this is very good, so we can see which are serious projects and fake projects. if their project is serious, the development team will strive to make their coins successful. so investors are not afraid to invest in their projects. Title: Re: It's going to get harder for alts to list on the big exchanges Post by: Aabcde on October 16, 2019, 03:46:32 AM It is burdensome for developers who want to enter large exchanges, but this is also precisely to eliminate the fake projects that roam. The entry into the large exchange indicated that the coins were indeed very serious in developing their respective projects. We'll see in the future what it looks like. that's right, this is one way to prevent fake projects from being registered. i think this is very good, so we can see which are serious projects and fake projects. if their project is serious, the development team will strive to make their coins successful. so investors are not afraid to invest in their projects. Title: Re: It's going to get harder for alts to list on the big exchanges Post by: aioc on October 16, 2019, 03:55:19 AM See the following: https://www.forbes.com/sites/billybambrough/2019/09/30/bitcoin-giants-coinbase-circle-kraken-bittrex-grayscale-and-others-band-together-to-rate-tokens/#68441bac7a01 Quote Now, bitcoin trading and investment giants Anchorage, Bittrex, Circle, Coinbase, DRW Cumberland, Genesis, Grayscale, and Kraken have banded together to create the Crypto Rating Council in order to better decide which digital assets can and cannot be traded on their platforms. The group have created what they call a "scalable, points-based rating system" to help define whether a cryptocurrency is or is not a security. The system will use a set of several dozen questions, "derived directly from SEC guidance and case law." "We also worked hard to focus our framework on objective, repeatable, fact-driven questions that can be answered consistently by technical experts across different assets and over time," Coinbase wrote in a blog post announcing the council. The system will give bitcoin and similar digital tokens a score between one and five, with a score of one meaning the council’s independent analysis suggests the asset has few or no characteristics consistent with a traditional regulated security. So in addition to paying them a lot to get listed, the developers of new alts need to jump through these new opaque hoops. This is the time where the DEX will be the best choice of developers to list their token but that is if the token then was created on Ethereum smart contract, I read that Mcafee created a DEX that can satisfy the needs of developers and traders, let's see how this goes after the implementation. Title: Re: It's going to get harder for alts to list on the big exchanges Post by: kayvie on October 16, 2019, 05:00:23 AM See the following: https://www.forbes.com/sites/billybambrough/2019/09/30/bitcoin-giants-coinbase-circle-kraken-bittrex-grayscale-and-others-band-together-to-rate-tokens/#68441bac7a01 Quote Now, bitcoin trading and investment giants Anchorage, Bittrex, Circle, Coinbase, DRW Cumberland, Genesis, Grayscale, and Kraken have banded together to create the Crypto Rating Council in order to better decide which digital assets can and cannot be traded on their platforms. The group have created what they call a "scalable, points-based rating system" to help define whether a cryptocurrency is or is not a security. The system will use a set of several dozen questions, "derived directly from SEC guidance and case law." "We also worked hard to focus our framework on objective, repeatable, fact-driven questions that can be answered consistently by technical experts across different assets and over time," Coinbase wrote in a blog post announcing the council. The system will give bitcoin and similar digital tokens a score between one and five, with a score of one meaning the council’s independent analysis suggests the asset has few or no characteristics consistent with a traditional regulated security. So in addition to paying them a lot to get listed, the developers of new alts need to jump through these new opaque hoops. This is the time where the DEX will be the best choice of developers to list their token but that is if the token then was created on Ethereum smart contract, I read that Mcafee created a DEX that can satisfy the needs of developers and traders, let's see how this goes after the implementation. Title: Re: It's going to get harder for alts to list on the big exchanges Post by: tenakha on October 16, 2019, 06:44:39 AM See the following: This is good news for those who want to be protected from scam projects. Although not a major step taken by governments, the joint decision of the exchanges. This will be almost the first step, and as time passes, there will be a lot of exchanges involved, and we will see the updated version of the arrangement. It is also convenient for us to choose the more reliable ones. Also maybe the volume of little exchanges increases after that. lolhttps://www.forbes.com/sites/billybambrough/2019/09/30/bitcoin-giants-coinbase-circle-kraken-bittrex-grayscale-and-others-band-together-to-rate-tokens/#68441bac7a01 Title: Re: It's going to get harder for alts to list on the big exchanges Post by: bleachX on October 16, 2019, 06:57:15 AM I think it's a good policy taken by big Exchanges, because those developers will be really serious about the tokens to be accepted on the desired Exchange. The rule is also an appropriate step for other projects that are ready to list their tokens there. So it's not random tokens that can be listed there.
Title: Re: It's going to get harder for alts to list on the big exchanges Post by: Fredomago on October 16, 2019, 06:57:47 AM See the following: This is good news for those who want to be protected from scam projects. Although not a major step taken by governments, the joint decision of the exchanges. This will be almost the first step, and as time passes, there will be a lot of exchanges involved, and we will see the updated version of the arrangement. It is also convenient for us to choose the more reliable ones. Also maybe the volume of little exchanges increases after that. lolhttps://www.forbes.com/sites/billybambrough/2019/09/30/bitcoin-giants-coinbase-circle-kraken-bittrex-grayscale-and-others-band-together-to-rate-tokens/#68441bac7a01 The beginning of joining hands to protect investors being scammed, if this move will be genuinely intended to best interest of the traders and investors. Title: Re: It's going to get harder for alts to list on the big exchanges Post by: confreslamp on October 16, 2019, 07:08:44 AM In my opinion it is a great addition, because we would not see any trash tokens on exchanges again. If a coin and team members have potential than they need to pass through big problems to finally reach their goals.
Title: Re: It's going to get harder for alts to list on the big exchanges Post by: fosco333 on October 16, 2019, 10:04:31 AM Yes, it should be difficult to list on the big exchange. Imagine if anyone could list their coin on top exchanges easily, spam coins and tokens would be listed on there, ruining the top exchanges. Listing on top exchanges requiring some high standards or requirements. I believe when the project has successfully developed, they will be able to fulfill the high standard and listed on top exchanges.
Title: Re: It's going to get harder for alts to list on the big exchanges Post by: beerlover on October 16, 2019, 04:34:43 PM It is actually getting easier and easier. Its just hard to stay on the exchanges because when you don't have anyone trading your coin it is quite possible to have your coin delisted but in order to list you just have to pay the exchanges a certain amount of money.
The sad part is, you pay up to 10 bitcoins to get listed but if you do not get traded and have low volume eventually you get delisted and you are not getting that money back, it was for listing and it got listed, it is your duty to keep your coin interested and if not then you can say bye bye to your listing fee. As long as people keep getting paid for their projects and find the funding in ICO or IEO or whatever they are doing, in the end they will be able to just pay 5 to 10 exchanges depending on the funds they have to get listed. Title: Re: It's going to get harder for alts to list on the big exchanges Post by: jets567 on October 16, 2019, 06:42:54 PM Yes, it should be difficult to list on the big exchange. Imagine if anyone could list their coin on top exchanges easily, spam coins and tokens would be listed on there, ruining the top exchanges. Listing on top exchanges requiring some high standards or requirements. I believe when the project has successfully developed, they will be able to fulfill the high standard and listed on top exchanges. I kinda like the idea of having a high standards before getting listed but not so sure if investors or token holders of a particular project will be happy about this changes because most of the time these are the people who are eager to get their tokens listed as soon as possible but what if the project they invested in didn't pass the standards? It doesn't mean that the project is bad or poor but this changes will give them a bad image once they got rejected for listing. Title: Re: It's going to get harder for alts to list on the big exchanges Post by: Nivia1st on October 16, 2019, 08:04:09 PM it's good and I support them. we need an institution that can oversee project activities. even though they only give a rating, but it will have a big impact on prices, because investors will definitely consider if you see a coin that has a bad rating. and maybe in the future altcoin shit will slowly disappear. and the rest are potential altcoins. so the market will get stronger, as time goes on, no one will be disappointed because the existing projects will be quality.
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