It's going to get harder for alts to list on the big exchanges

[kayvie]

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

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.

Dex is a good exchange but it lacks of volumes and also users. Everyone can use DEX due to without needing to undergo kyc, and it is user friendly, also the payment needed to enter on the Dex exchange is less cheaper than any popular exchanges.

[tenakha]

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

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. lol

[bleachX]

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.

[Fredomago]

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

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. lol

This help investors being guided with chosen tokens/coins to support, with this move coming from the group of exchanges, they will bring good study about project being listed from their respective platforms. If most or all of them will have the same ratings and opinions about coins to be listed the competitions will be selected and investors will enjoy choosing from potential projects to work out.

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.

[confreslamp]

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.

[fosco333]

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.

[beerlover]

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.

[jets567]

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.

[Nivia1st]

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.