Why are exchanges still listing shitcoins?

[Kelvinid]

MOney, that is all about...that is a common thing to happen, some developers and project owners tried to sneak their project and pay just to be listed in a certain exchange (not known exchanges). That is the only thing that they can do because known and reputable exchanges won't let this thing happen.

Anyway, no matter how much they pay shitcoins will still be nothing. Market volume is very important here and investors are very concerned about that matter even this coin is listed they can't still be chooses if there is no market volume that could attract investors.

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[carlfebz2]

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.

We dont have any choice but to indeed ignore these shitcoins.They do build up liquidity which means it do add up on exchange reputation when it comes to volume but we do know that the community isnt really blind on which one is popular and which isnt.

When it comes to the question why they didnt delist it? Its either they do just let those coins sit or they dont need to free up some space.They do just let those shitcoins come in as they like.

[adzino]

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!

If I am not wrong, users get a chance to vote for a coin to get listed, right? Probably, most of the votes are given by users that shill for the coin and users that get paid voting for that shit coin. The exchanges are also at fault over here. To get listed on an exchange, as far as I know, the developers has to pay a huge amount of fee/money to get listed in the exchange. The more the reputed the exchange is, the higher the fee. Those shitcoin developers pay those exchange, and then the exchange lists them all for the money.

[kotajikikox]

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!

If I am not wrong, users get a chance to vote for a coin to get listed, right? Probably, most of the votes are given by users that shill for the coin and users that get paid voting for that shit coin. The exchanges are also at fault over here. To get listed on an exchange, as far as I know, the developers has to pay a huge amount of fee/money to get listed in the exchange. The more the reputed the exchange is, the higher the fee. Those shitcoin developers pay those exchange, and then the exchange lists them all for the money.

yeah users are sometimes including for a vote so the coins will be listed but of course if the involve is shitcoins and shit exchange we can expect but money matters only.they will pay and then will list as simple as that.
and this same manner that investors are now backing out to invest in these coins and also affected the whole crypto market.
i believe that this must be stopped and let legit currencies flow int he market and these scammers must put in jail for scamming people.

[sisule]

Every exchange market looking for fees payment after some coin listed on their exchange without care will listed shit coin or not, just receive how much payment fee with some coin listing and few months later coin did not have good price exchange market will delist this coin and looking for with other shit coin.

[carter34]

Since there is no regulation stopping such, exchanges will always continue to open their hands to shit project because they are not listed for free. Exchanges will even profit more from shit coins because they are all every where.

[crossabdd]

There are a number of things an exchange needs, especially a new exchange. one of them is a coin that is traded. the growth of the exchange over time is very large, but the quality is very bad. why did they release shitcoin? because they need partners to make investors believe. even exchanges provide coin releases without fees or just by voting. this is a bad exchange of cooperation with a bad project. the shitcoin project only needs voting from the community. and choose release in exchange for no fee. this is why shitcoin is able to enter in exchange. just make trust in the community, then vote, release it in the market, then the project stops. certainly when all project teams have benefited.

[Slow death]

Why do you think exchanges are still listing shitcoins?

I think the answer to your question can be found in the altcoin section, but I will summarize what happens:

If a person X creates an altcoin without any purpose, without anything useful, but millions of people like that altcoin (it's complicated to try to understand what people like) and this altcoin has millions of people in its community, what do you think any exchange will do if that altcoin asks that your altcoin be listed on the exchange? Do you think the exchange will refuse? if the exchange refuses it can lose millions of potential customers and without customers an exchange cannot survive.

Do you think there are some advantages to having a bunch of shitcoins on an exchange?

yes it has advantages, as I said exchanges need customers and these shitcoins bring customers to the exchange

[maxreish]

Here's a simple logic;
 New coin listing=more money for exchanges.
 
 That is how they are gaining from those coins even if the coin is a shitcoin or not. As long as there are still trading or as long as there are investors that are buying those coins in their exchange, they are benefiting from it. And yeah that's some kind of an advantage to them. Anyway, exchanges also delisting some coins that aren't been useful to them and to the community.

[cotton ball]

Here's a simple logic;
 New coin listing=more money for exchanges.
 
 That is how they are gaining from those coins even if the coin is a shitcoin or not. As long as there are still trading or as long as there are investors that are buying those coins in their exchange, they are benefiting from it. And yeah that's some kind of an advantage to them. Anyway, exchanges also delisting some coins that aren't been useful to them and to the community.

Absolutely when have many shit coin give much money for exchange, they only ready some coin listing with their exchange market and then shit coin or not is not big mistake because the exchange job only listed and not giving guarantee about coin on their market have higher or lower price, when have big change to get much money why not.

[msarro]

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!

The most obvious reason is money, my friend. Every coin that goes to exchange needs to pay some money for its entitlement. Plus exchanges also earn a commission from the trading of these shit coins. So it's a win-win situation for exchanges to enlist shitcoin.

[Darooghe]

Stick this in your head. Exchanges are charging to much cash to list coins. New coins that pay their way onto exchanges are already a 'no go' for me. they are just Pumped and Dumped coins. Better spend the money on established coins that have been around for years. Now, despite the fact that we have new shitcoins coming out weekly, at least we have hundreds of projects with real utility and innovation so that the shitcoins get less visibility.

[LUCKMCFLY]

~snip~

I think the reason is simple and it is not so much because of the technology that some shitcoins can represent to have or that so much innovation has, everything lies in the business model they represent, both the creators of shitcoins with the Exchanges have a great business, where they can manipulate and extract profits, especially when the shitcoins do a lot of publicity and gain community, the Market Makers are the ones who really earn the most in these cases.

Some in the end only survive with the Pump and Dump .... thus they give movement to the shitcoins and tend to be over time, even when Bitcoin falls in price.

[Capt00]

You can't stop them either, this all about how money will works and they have freedom to take that offer and make money on it.
Even though they got listed into the market exchanges but it won't be surprise that these coins will stick to their position cause nobody could ever give interest. It may say that they can ever be appreciated and looks attractive to the eyes of traders/investors if they never work on it and to prove that they could compete to the market race just like the other altcoins.

[Asmonist]

They must be willing to spend for their coins to be listed. Somehow, they must be hopeful that there are users who will choose them. Users have different perspective so probably they are dependent on it. Well, its useful somehow since competition is going on. It needs these coins to give choices and options but its their expense anyway.

[pajak666]

There are obvious pros for exchanges like attracting user base that would be otherwise not interested in the outlet. I used myself 2 or 3 exchanges that I would never registered at if not some shitcoins listings. On the other hand this reduces the liquidity of some other pairs coz speculators split up a lot if there are more options to trade. Simple example, 100 mil capital on the exchange, which do you think will be better for algorithmic strats, the one with 20 or the one with 100 coins? Big names will stay away from shitcoins the same way big brokers don't offer questionable assets. There are special brokers for penny stocks and it's always been like that.

[Shasha80]

There are many reasons why some exchanges still list shitcoins, one of the reasons is because shitcoins developers dare to pay an amount
of money to be listed on exchanges. So if we look at the number of shitcoins that are registered on small exchanges will be more many in
number, compared to large exchanges. Because large exchanges of course the price is also expensive, and only a few developers shitcoins
who have large capital to be listed on large exchanges.

[CryptopreneurBrainboss]

I can't wait to hear your thoughts!

Everyone is already writing about the project using their wealth to influence the decision of exchange by buying their way into getting listed but forgetting that sometimes it isn't by the doing of the project developers instead out of the greediness of exchanges wanting to cash in on the trading activities of such projects, they jump right into listing the project without carrying out research on the legitimacy of the project.

I have observed several exchange list trending coins just to profit from the trading activities of that project and most guilty parties are newly launched exchange or those lacking patronage. Shitcoins are presume to give easy profit especially when the projects get pumped like in the case of Bitcoin SV, putting this into consideration, they become very attractive and achieve big in regards to trading volume.

Investors/traders need to understand that not every tradable coins listed on an exchange is worth patronizing since most of them are just death trap to steal your fund. Don't rely on the recommendations of exchanges to trade a particular project, always carry-out personal research to avoid future regrets.

[Negotiation]

This has a very bad effect on us when it comes to investing to list the exchanges Shitcoin. They usually come to the market to pump their own coins when the demand for it is increasing and they spread fake notes and scams We should stay away from these types of exchanges. They readily list their currencies in the market and businesses are at a loss afterward.

[Bagaji]

Most of the top coins you are seeing today we're some times ago referred to as shitcoins but now no one refer to them that way again. Provided they have the requirement put up by the exchange and at the same time have the money to pay the exchange company.