Why are exchanges still listing shitcoins?

[joeperry]

Well you can't blame them however for what I've known it's their responsibility if that project or coin end up as a scam. The reasons that came to my mind thinking why the exchanges still listing shitcoins are:

1. To increase the coin listing on their market (The more coins on their market the many the traders)
2. Every approved coin that was listed on the market they received a payment for it

well all known cryptocurrency trading markets are accepting payment if someone wanted their coin to be listed the only difference is that the reputable markets study the project, look for legal documents, research if its scam and making sure that the project was legitimate before accepting it, unlike the shit markets they just list coin for profit and they didn't care about their traders.

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[Golftech]

Well you can't blame them however for what I've known it's their responsibility if that project or coin end up as a scam. The reasons that came to my mind thinking why the exchanges still listing shitcoins are:

1. To increase the coin listing on their market (The more coins on their market the many the traders)
2. Every approved coin that was listed on the market they received a payment for it

well all known cryptocurrency trading markets are accepting payment if someone wanted their coin to be listed the only difference is that the reputable markets study the project, look for legal documents, research if its scam and making sure that the project was legitimate before accepting it, unlike the shit markets they just list coin for profit and they didn't care about their traders.

Both  are considered as  exchange reasons to list coins, attracting more possible investors and traders if those shitcoins that they are holding
was listed to exchange while exchange fees are the main breathing by this types of business.
Exchanges are responsible though the chance of sorting everything is tough as shitcoin developers are experts from hiding the real intentions
of what they've created.

[Barbut]

1. To increase the coin listing on their market (The more coins on their market the many the traders)
2. Every approved coin that was listed on the market they received a payment for it

From these two reasons we can assume that exchanges care only about the profit they make. Centralized exchanges are like companies, they have their own rules and they work as they think it's best for them. Some exchanges are responsible and they will not list any coin, some are open for all the projects, good and bad. This is one of the reasons why we should be extra careful when we are choosing an exchange. Same as we need to be careful when we are choosing a coin to trade with.

[Dart18]

Profits I think.
As long as there is one then acceptance will be there.

Let us say they need to pay for listing. An exchange wouldn't really care much about it but will just input how much the fee will be.
If there will be buyers then good, and so does with sellers.

Money. We can talk about it all day long but that is what it is all about.

[Free1bitco.in]

I suspect that they are also paid a sufficient amount to list on their market. however, they certainly have the conditions and the shitcoin has fulfilled the requirements. besides that, I feel that shitcoin also has its own goals, it's just that it doesn't work accordingly.

[mu_enrico]

It is because bagholders need hope
Seriously, who knows that the shits would not turn into gold in the future? Plus, it might still increase the trading volume even for a bit. Also, like others have said, the devs previously paying a substantial amount of money to get listed, probably for x years agreement.

[Captain Corporate]

 I have talked with one of these people and asked them why they do it, they said people who just join because of one coin may end up staying for the other ones as well. For example if one person is using x exchange but they have A coin in their wallet that is not listed on that X exchange they may look for all other exchanges that lists that A coin right? So they found this Y exchange and it lists the A coin they have but also all the other coins they also have as well, so instead of using the X exchange they go to Y and than they even keep trading there instead. So with all the small coins they list, they are basically doing marketing as well.

[Kemarit]

In the example you have given in your article, I would say that it is an exception,

You may recall the slew of exchanges that delisted BSV. The social pressure to participate in the festivities of delisting BSV caused many exchanges to join the movement and delist the asset.

Binance for example delisted it because of the shady personality behind, CSW. If we pressure small to mid tier exchanges thru twitter, I don't think they will just simply cave in. Exchanges are businesses, and for them to exist and continue, they have to make profits. And they can get it by listing any coins that shows interested on their exchanges. Yes, this is plaguing our crypto markets, but I would say that at the end of the day, exchanges are more willing to accept coins to be listed even though they are shitcoin. The thing is that after months of under performing, then exchanges should look at every coin they have accepted and somewhat de listed who are not doing any good, (low volume, no activity, developers totally abandoned the project).

[Ucy]

Depends on what you mean by s*tcoin. We currently don't have any general agreed standards of what makes a cryptocoin, s*t or good coin. If such standards exist, we will really know what exchange is breaking the listing rules and probably  tag or avoid them.

[spike420211]

For the same reasons that the majority of things in our world happen - because of money. Of course, it is worth taking into account what kind of coin in question.
After all, there are shit-coins representing absolutely nothing of themselves, placed on weak exchanges only in order to subsequently be sold at zero by the exchange itself or by the developers of this coin.

Another type of shit-coins has a slightly different behavioral structure. They are placed on major top exchanges. They have great liquidity, and with their help they earn money on cycles of market recovery and from the pad. That is, an absolutely speculative product that circulates in the ecosystem of the crypto market only in order to draw money from investors to one degree or another. Everything is done for the sake of money.

[el kaka22]

I have seen listing fee as one of the biggest reasons for it, plus there is the comfort of listing tens of these coins and then makes a big amount as well. Think about it, there is 100 coins that worth almost nothing and definitely doesn't have any decent volume as well, you tell the owners that you charge 1 btc to list there, and you tell them they need to have at least 5 thousand dollars volume or you will delist them, what do they do?

They give you 100 btc plus try to keep the volume up and keeps you getting paid, all those 1000 dollar ones eventually gets delisted no matter how long it takes but all of that comes as free money for you in the end.

Exchange business doesn't rely on trading fee for the bare minimum small coins, they just get it for big payment up front to get listed.

[Triffin]

Many exchange still listing with shit coin because they got higher payment fees each shit coin listed on their market, is not free when have any coin want listed with several exchange market, why many exchange listing with many shit coin because they only think with how much profit get from shit coin.

Yeah you are right and this is the main reason that why they are still listing shitcoin, and I do not think that why that type of exchanges are just thinking their own profit, so I think if they think about their users benefits then it will be very good for us and otherwise the all new investors need to do more research about a coin before their investment.

[The Sceptical Chymist]

I saw BitMart list TSL.

Never heard of BitMart, never heard of TSL.

As to why exchanges keep shitcoins listed, it's mainly because they do still get traded--in fact, that's the only purpose they've ever served.  None of them get used as currency, and my guess is that most people don't hold them for the long term.  And take a look at Yobit and all the shitcoins they have listed.  Some of them seem to be exclusive to Yobit and I'm not even sure they exist outside of that exchange.  And Yobit is probably the worst in terms of having coins listed that have no volume and which can't be withdrawn because their wallets are always in maintenance mode.

Also, the definition of a shitcoin is somewhat subjective.  Some folks think doge is a shitcoin, whereas others think it's one of the best, and most exchanges have it listed.  But when you're talking about a coin like TSL (whatever it is), there would probably be unanimous agreement that it qualifies as one.  I've no idea why that BitMart exchange has it listed aside from my guess that there are probably some people who still trade it.

[AniviaBtc]

Only low exchanges still register shitcoin to their exchanges, low exchanges only prioritize money compared to its liquidity because a lot of shitcoins come in so that the price of tokens can be easily manipulated by certain projects for many who glance at it and of course this will not last long in its trade.
Shitcoin is listed on the low exchange a lot this has happened recently.

And also shitcoins are good alternative for bitcoin because it can help you earn money. Not quite huge amount of profit compared to the ability of bitcoin that can make you earn a lot.  Most exchanges prohibits shitcoin because of its liquidity in the market. But some huge exchanges also prefer to allow shitcoin in their exchange because they know that many people are still relying on the price of that shitcoins. Example of a shitcoin that needs to be eliminated are XRP and Digibytes. But I've saw that XRP are still useful in some infamous exchanges.

[ReiMomo]

Every coin that will be listed on the exchange that is equal money for them, they dont care if that is the potential coin. They just want to earn profit from listing and those tier exchanges will potentially do that. They after what they get profit from the new coins wanted to list on their exchange because of the fees they will receive.

[fib1012]

There is not only shit coins in the race to scam money from immature trader, But also there are a lot of shit exchanges are busy to make fool innocent people and scam thir hard earn money,

My humble opinion don't trust these shit exchange and alway bookmarked your official links to avoid any fraud.

[milewilda]

Hi Everyone!

I was recently browsing through Twitter when I saw BitMart list TSL. After digging around the internet for a while, I couldn't find anything. Not a website, github page, facebook page... nothing.

I wrote an article about this experience and I would love to hear what you think. Why do you think exchanges are still listing shitcoins? Do you think there are some advantages to having a bunch of shitcoins on an exchange?

Cryptocurrency Exchanges are Still Listing Shitcoins

I can't wait to hear your thoughts!

All is for volume thats why some exchange doesnt care on listing out shitcoin specially to those new ones who do list out even the crappiest projects out there but
somehow there are exchangers which are old but does have bunch of shitcoin listed. Ex. Yobit., go to that place and you would see tons of them.
All is for money of course but we know that top exchangers does have much stricter rules when it comes to listing stuff.It all varies though.

[harizen]

Depends on what you mean by s*tcoin. We currently don't have any general agreed standards of what makes a cryptocoin, s*t or good coin.

The sh*tcoin on OP's article is referring to those coins;

A) that are totally dead and no more active development (basically, devs left the project without a trace and just let their project hang in the air)
B) low liquidity and almost close to 0 volume although team behind these coins are still "active"

I don't see how exchanges, big or small, will still benefit if they will not delist a dead coin after a year of being abandon. Surely, devs of those dead project will not pay for additional fees to avoid delisting so we can take out now the purpose of why these dead coins are still listed is because exchanges are still getting money out of it.

Small to mid exchanges want to climb up a ladder and cope up with the competition so having a variety of listed coins, whatever the status, might be a good portfolio and factors, especially for altcoin traders.

Anyhow, we can't do anything about this. We just have to simply ignore these coins.

[electronicash]

i have use BitMart since i did have Brickblock (BBK) which is traded there but have not learned of this TSL. i'm not going to be surprise if the exchange partnered with this coin's team or the team paid a huge amount of get their coin listed. either of it, its still not good to see coins that is listed but no data can be fond about it because its becoming of a pump and dump coin as well.

[TinaK]

In this journal Bitcoin field most of the the new projects are been scam at the same time while you plan to list your shit coins in any good exchanges you must need to give big fund for them.
I just saw few exchanges which listed many time and if you have the tokens without listed nothing can be done bro.