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Author Topic: Cost of getting a coin listed  (Read 124 times)
orions.belt19
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April 04, 2018, 11:50:28 PM
 #1

Just read an article on how much the cost is of getting a coin listed. It turns out that:

According to research from Autonomous Next LLP, cryptocurrency exchanges are raking in millions of dollars from ICO operators seeking to secure a spot for their tokens on high-volume trading platforms.

“It sounds like the market price to list a crypto token on an exchange is $1 million for a reasonably regarded token, to $3 million for an opportunity to get quick liquidity,” the firm wrote. “We don’t know these numbers with certainty, but suspect the order of magnitude to be roughly in line with today’s reality.”

Is still worth it to spend this amount for ICOs to get their coins listed in exchanges?
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April 05, 2018, 07:07:12 AM
 #2

John McAfee recently revealed that he charges $105,000 per promotional tweet, cryptocurrency exchanges charging anywhere between $1 to 3 million to list tokens seems like a discount. Liquidity is crucial for a token's success and some exchanges are simply capitalizing on it, there is money to be made and they are making it. Even if a token has no real utility, getting listed on a prominent exchange with a big liquidity pool somewhat makes the project successful even though the demand is artificial. Spending to get a token listed on exchanges is an integral part of ICO marketing, but yeah this amount does seem a bit unfair for ICO projects with real utility, apart from listing fees exchanges do also rake in transaction and withdrawal fees. Comparison, IPO/traditional equity exchanges, $125-300K, interesting.

Major exchanges have specific guidelines for adding new tokens, and a few doesn't charge anything, only legitimacy, long-term potential matters, but yeah then there are exchanges that would add any coin because they are getting paid for it. I guess, decentralized exchanges and more projects like Cobinhood would eventually balance out the power between exchanges and crypto projects.

Here's the link, https://next.autonomous.com/thoughts/crypto-exchange-listing-fees

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April 05, 2018, 07:16:58 AM
 #3

Did you got the news from this site ? How Much Does It Actually Cost To List A Currency On An Exchange?, after read that news looks like its worth it. But, some exchanger use free coin listing.

edit
I just check bittrex support site and looks like you can list new tokens without charge any fee
Quote
Bittrex does not currently charge a fee for listing a token on our Exchange. We believe in promoting the blockchain industry, and we have spent, and will continue to invest, significant resources to review tokens for listing on our Exchange.
https://support.bittrex.com/hc/en-us/articles/360000475411-How-do-I-submit-a-token-to-Bittrex-for-listing-

Looks like it will get easier to list new coin on exchange if you pay them. But its worth it, imo.

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April 05, 2018, 10:47:05 AM
 #4

It just shows how shitty this ecosystem actually is. Exchanges are the foundation of the market, where they are responsible for offering all involved parties a stable and fair platform to trade on, but that's not the case unfortunately. It's quite embarrassing actually, because this is exactly the reason big money doesn't want to mess around with exchanges, and I can't blame them for that.

If I had millions to invest, I would never ever send it to ANY exchange in this market, because they are all crippled to the core. I wasn't all that positive about Poloniex's takeover, but that somewhat changed now. I seriously hope the institutions backing Circle will transform that exchange into a solid and worthy platform doing what all current exchanges couldn't do (and probably will never do) for years straight. This market needs to get rid of its niche touch in order to be taken to the next level. All these silly practices make me want to avoid exchanges entirely.

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April 05, 2018, 12:56:35 PM
 #5

It just shows how shitty this ecosystem actually is. Exchanges are the foundation of the market, where they are responsible for offering all involved parties a stable and fair platform to trade on, but that's not the case unfortunately. It's quite embarrassing actually, because this is exactly the reason big money doesn't want to mess around with exchanges, and I can't blame them for that.
Welcome to capitalism,my friend.You think this is worst ? 5 years down the line you will have banks running the crypto-currency markets and traders will end up paying more in form of taxes and services from the money they make using trading.KYC is already taking over the ICO's and exchanges.

If I had millions to invest, I would never ever send it to ANY exchange in this market, because they are all crippled to the core. I wasn't all that positive about Poloniex's takeover, but that somewhat changed now. I seriously hope the institutions backing Circle will transform that exchange into a solid and worthy platform doing what all current exchanges couldn't do (and probably will never do) for years straight. This market needs to get rid of its niche touch in order to be taken to the next level. All these silly practices make me want to avoid exchanges entirely.
Not happening.It will be more restricted and regulated by centralised authorities as the time passes by.Congratulations if you  were here to witness the era from 2012-2015.Golden Years!


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April 05, 2018, 01:37:07 PM
 #6

John McAfee recently revealed that he charges $105,000 per promotional tweet, cryptocurrency exchanges charging anywhere between $1 to 3 million to list tokens seems like a discount. Liquidity is crucial for a token's success and some exchanges are simply capitalizing on it, there is money to be made and they are making it. Even if a token has no real utility, getting listed on a prominent exchange with a big liquidity pool somewhat makes the project successful even though the demand is artificial. Spending to get a token listed on exchanges is an integral part of ICO marketing, but yeah this amount does seem a bit unfair for ICO projects with real utility, apart from listing fees exchanges do also rake in transaction and withdrawal fees. Comparison, IPO/traditional equity exchanges, $125-300K, interesting.

Major exchanges have specific guidelines for adding new tokens, and a few doesn't charge anything, only legitimacy, long-term potential matters, but yeah then there are exchanges that would add any coin because they are getting paid for it. I guess, decentralized exchanges and more projects like Cobinhood would eventually balance out the power between exchanges and crypto projects.

Here's the link, https://next.autonomous.com/thoughts/crypto-exchange-listing-fees

I'd say that indeed really depends on the exchange you want to get listed on. I know that a few lower volume exchanges like coinexchange and cryptopia didn't charge nearly as much to list your coin, not sure how they have set it up nowadays though.

I saw the developer of Viacoin joking about how he already paid a fee for the listing on binance ( here, https://twitter.com/RNR_0/status/977676436093001728)

although i'm unsure how much it was.

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April 05, 2018, 03:14:20 PM
 #7


I'd say that indeed really depends on the exchange you want to get listed on. I know that a few lower volume exchanges like coinexchange and cryptopia didn't charge nearly as much to list your coin, not sure how they have set it up nowadays though.

I saw the developer of Viacoin joking about how he already paid a fee for the listing on binance ( here, https://twitter.com/RNR_0/status/977676436093001728)

although i'm unsure how much it was.

You might me in for a shock. Even Cryptopia that has awful support, constant lags and wallet freezes out ot the blue charges over 10 BTC for listing now. I won't give you exact number, too lazy to look it up, but I won't be surprised if it's much higher by now. Coinexchange etc are just crap with no volume that can disappear any moment with all your coins Look what happened to Coinsmarkets.

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April 05, 2018, 05:20:12 PM
 #8

I think that's just wasting money, expect for huge ICO or they really need popularity Roll Eyes
They could choose start asking their token is exchanged on small-exchange or decentralized exchange which is fit for newer ICO/token/cryptocurrency.


I'd say that indeed really depends on the exchange you want to get listed on. I know that a few lower volume exchanges like coinexchange and cryptopia didn't charge nearly as much to list your coin, not sure how they have set it up nowadays though.

I saw the developer of Viacoin joking about how he already paid a fee for the listing on binance ( here, https://twitter.com/RNR_0/status/977676436093001728)

although i'm unsure how much it was.

You might me in for a shock. Even Cryptopia that has awful support, constant lags and wallet freezes out ot the blue charges over 10 BTC for listing now. I won't give you exact number, too lazy to look it up, but I won't be surprised if it's much higher by now. Coinexchange etc are just crap with no volume that can disappear any moment with all your coins Look what happened to Coinsmarkets.

Everyone already know Cryptopia has terrible customer service support. Even their attempt to restore things will fail since the problem is too big and looks like they don't have enough manpower.

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April 05, 2018, 06:43:01 PM
 #9

It just shows how shitty this ecosystem actually is. Exchanges are the foundation of the market, where they are responsible for offering all involved parties a stable and fair platform to trade on, but that's not the case unfortunately. It's quite embarrassing actually, because this is exactly the reason big money doesn't want to mess around with exchanges, and I can't blame them for that.
Welcome to capitalism,my friend.You think this is worst ? 5 years down the line you will have banks running the crypto-currency markets and traders will end up paying more in form of taxes and services from the money they make using trading.KYC is already taking over the ICO's and exchanges.

If I had millions to invest, I would never ever send it to ANY exchange in this market, because they are all crippled to the core. I wasn't all that positive about Poloniex's takeover, but that somewhat changed now. I seriously hope the institutions backing Circle will transform that exchange into a solid and worthy platform doing what all current exchanges couldn't do (and probably will never do) for years straight. This market needs to get rid of its niche touch in order to be taken to the next level. All these silly practices make me want to avoid exchanges entirely.
Not happening.It will be more restricted and regulated by centralised authorities as the time passes by.Congratulations if you  were here to witness the era from 2012-2015.Golden Years!
This is already somehow anticipated because cryptocurrency do already make big thing thinking off the involvement of money is already quiet large which means sooner or later regulation would really come into these exchangers since they do able to see that they can able to benefit from it.Not a surprising thing for the government.

Going back to topic there are exchanges that do need on being paid up for your coin to be listed. Ex. Kucoin, this exchange do charge significant amount don't know on whats the USD value range but they do require big amounts which I do saw it isn't really worth to give on. Free is always good but it would really be depending on how good the project is.


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April 05, 2018, 08:46:35 PM
 #10

I wasn't all that positive about Poloniex's takeover, but that somewhat changed now. I seriously hope the institutions backing Circle will transform that exchange into a solid and worthy platform doing what all current exchanges couldn't do (and probably will never do) for years straight.

I do agree that the acquisition of Poloniex is a positive step forward, but I seriously have my doubts about how that exchange will fare in this market without any significant changes. Poloniex as we speak is bleeding heavily, where every month that goes by their volumes take another beating. It was once the top exchange pushing daily volumes of 100,000 BTC, where right now it's starting to look more like a falling knife, and you know what they say about falling knifes. Bittrex is now what Poloniex was back in the days, and it's a shame that this exchange has fallen down that much, but they have only themselves to blame for.
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April 06, 2018, 02:53:19 PM
 #11

I think that's just wasting money, expect for huge ICO or they really need popularity Roll Eyes
They could choose start asking their token is exchanged on small-exchange or decentralized exchange which is fit for newer ICO/token/cryptocurrency.


I'd say that indeed really depends on the exchange you want to get listed on. I know that a few lower volume exchanges like coinexchange and cryptopia didn't charge nearly as much to list your coin, not sure how they have set it up nowadays though.

I saw the developer of Viacoin joking about how he already paid a fee for the listing on binance ( here, https://twitter.com/RNR_0/status/977676436093001728)

although i'm unsure how much it was.

You might me in for a shock. Even Cryptopia that has awful support, constant lags and wallet freezes out ot the blue charges over 10 BTC for listing now. I won't give you exact number, too lazy to look it up, but I won't be surprised if it's much higher by now. Coinexchange etc are just crap with no volume that can disappear any moment with all your coins Look what happened to Coinsmarkets.

Everyone already know Cryptopia has terrible customer service support. Even their attempt to restore things will fail since the problem is too big and looks like they don't have enough manpower.

Customer support? You mean, they have any? Smiley Every single time I had to create a ticket there was no answer.

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April 06, 2018, 06:51:12 PM
 #12

Most exchanges listed coins without charges in the beginning. As Bittrex seems to maintain that, they simply believed in listing coins that they themselves supported. You could even try get them listed by suggesting it on aocial media. Demand seemed to imply importance then.

But now even the likes of Yobit charge a fee in Bitcoin. Last I heard last year, even Waves tokens were charged several tens of thousands for only a few months of listing.

And now with Ripple willing to pay millions for US exchanges to list, guess there's no end.

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April 06, 2018, 07:29:50 PM
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Most exchanges listed coins without charges in the beginning. As Bittrex seems to maintain that, they simply believed in listing coins that they themselves supported. You could even try get them listed by suggesting it on aocial media. Demand seemed to imply importance then.

But now even the likes of Yobit charge a fee in Bitcoin. Last I heard last year, even Waves tokens were charged several tens of thousands for only a few months of listing.

And now with Ripple willing to pay millions for US exchanges to list, guess there's no end.

There we go with all the "decentralization", "free trade" etc, etc... Sad

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April 06, 2018, 07:50:37 PM
 #14

There we go with all the "decentralization", "free trade" etc, etc... Sad
What's wrong with that? It's perfectly justified for people and coin developers to aim for a decentralized platform free of centralized tyranny, especially when you also have the stricter regulations in mind.

Exchanges have been doing what's best for themselves, financially, and not for the industry as they claim they do. If we look at how many forks exchanges support globally, then it's not a surprise that we see them pop up daily.

Exchanges have created a market within a market, where aside from the exchges being the main winners here, there are only losers, because the far majority of the forks are nothing more than blatant get rich quick scams.

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April 06, 2018, 07:57:26 PM
 #15

There we go with all the "decentralization", "free trade" etc, etc... Sad
What's wrong with that? It's perfectly justified for people and coin developers to aim for a decentralized platform free of centralized tyranny, especially when you also have the stricter regulations in mind.

Exchanges have been doing what's best for themselves, financially, and not for the industry as they claim they do. If we look at how many forks exchanges support globally, then it's not a surprise that we see them pop up daily.

Exchanges have created a market within a market, where aside from the exchges being the main winners here, there are only losers, because the far majority of the forks are nothing more than blatant get rich quick scams.

Nothing's wrong with that, is was a bitter irony of the whole situation.  First large exchanges get greedy, then we have a wave of shitty ones popping almost every week, neither of which is nearly good enough for traders, hence doomed, then we see some of the small ones disappearing with all deposits... What's next?

As for the forks you're right, but there are quite a few with good potential and something new in the code. I agree though, it's hard to find them in the muddy wave of shitcoins Smiley

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April 07, 2018, 04:01:05 AM
 #16

It is expensive to get listed in exchanges that's why the ICOs that has not been able to reach softcap or hardcap are having trouble getting listeed and their investors are pressuring them to be listed in bigger exchanges. Some developers are open to their investors that it is hard for them to get listed while others would just eventually be gone with no updates because they have given up. For those ERC-20 tokens, they are first listed in decentralized exchanges because it would be easier to list there. No wonder there are so many ICOs of exchanges because there is money there.

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