Why are exchanges still listing shitcoins?

[kaneki007]

Sure, they (the exchange) benefit from shitcoin because the list costs are quite large, so I think the exchange does not think about the quality of the project and only think about profits. It's very rare for a really tight exchange to list a token/coin, as far as I know is that Binance can't list all the projects there.

[Driggers95]

Sure, they (the exchange) benefit from shitcoin because the list costs are quite large, so I think the exchange does not think about the quality of the project and only think about profits. It's very rare for a really tight exchange to list a token/coin, as far as I know is that Binance can't list all the projects there.

Of course, the exchange has received certain benefits and they need to make contracts between them and the project, listing without too much consideration of quality, in addition, it is hard for us to identify what is shitcoin until they are listed, exchanges may not be able to tell if it is a good or bad project, they need users and metrics to show them directly. If those projects are not good, right after being listed for a short time, the exchange will proceed to remove and delist, Binance exchange is one of those places that are constantly taking those actions

[stomachgrowls]

Sure, they (the exchange) benefit from shitcoin because the list costs are quite large, so I think the exchange does not think about the quality of the project and only think about profits. It's very rare for a really tight exchange to list a token/coin, as far as I know is that Binance can't list all the projects there.

Of course, the exchange has received certain benefits and they need to make contracts between them and the project, listing without too much consideration of quality, in addition, it is hard for us to identify what is shitcoin until they are listed, exchanges may not be able to tell if it is a good or bad project, they need users and metrics to show them directly. If those projects are not good, right after being listed for a short time, the exchange will proceed to remove and delist, Binance exchange is one of those places that are constantly taking those actions

And it would be always like this for all of exchangers out there.They do only differ on some criterias of course on known exchange then its hard for a certain project to
get listed without having those qualities and demand.Just like on top exchangers but for new or small ones then it wont really be that strict.
Shitcoins are usually be found on smaller exchangers because they do know that the more coins they have the possible volume that it could make.
Its just a matter of delist and listing cycle.

[Question123]

Some exchanges site are listing shitcoins because even that is a shitcoins the owner of the trading site don't care because the team of the shitcoins are pay the owner to be able to list their coin even that is not a good coin. But most of the exchanges site that are used now are not listing that kind of coin because it is very helpful for the community of the crypto to have that coin.

But some shitcoins are not already discover because some of them are still potential but the developer need to do work on that so it will become more useful .

[LogitechMouse]

~
I can't wait to hear your thoughts!

Money.

It is a win-win situation for both the shitcoin team and the exchange. How? The exchange will charge the owner of the shitcoin to give them a certain amount of Bitcoin in exchange of listing them on their exchange. More popular exchange = Higher listing price.

Now if the team's shitcoin got listed on an exchange, chances are they can do a pump and dump on it especially if it is on a popular exchange since many traders are using their exchange and there will be some traders who will trade their coin too. In this way, they can get more profit into it and when the time comes that they've had enough they will delist the coin and after that abandon it. Not all are doing it but most of them are doing it.

[Shimmiry]

when listing any shitcoin on the exchanger so that it is must be bad effect every reputed exchanger are carefully manged but other than some of the exchangers allowed listed shitcoin for some money ex: $500-$1500 USD  made fake transaction and fake trade history, I thing mainly problem developer activity developer want to delist exchanger owner do not do listing coin still now so losses trader.

I don't get what you are trying to say. Some exchanges doesn't really fake transactions because it can affect their name and reputation. Most exchanges do often list shitcoins but and just let the market run, unless theres a user whom had a lot of the shitcoin listed them sells it for the lowest price possible (in which was happened back then when a lot of bounties turned to be scam).

Listing on exchange doesn't just do registration by CEOs and/or companies/parties involved. It needs proper paperworks and negotiation if and only if the exchange you are using is trusted and had a good reputation.

[wozzek23]

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.

But, if we think rationally than those exchanges might loose their value in the coming markets if they keep on listing such shit coins. There is no way for the shit coins to dominate the markets and as soon as they hit the exchanges, they experience huge dump which might be due to their bounty hunters or the team itself selling off their coins or maybe any such reason maybe behind it.

People who have bought any of such shit coins had time to exit those markets before each of the buy order vanishes and once there are no buy orders left than no one would ever buy that coin. Yes, shit coins might even recover and gather immense demand if their team or developers start working hard and show some real working products to the community but such chances are near to zero.

[Kupid002]

Sure, they (the exchange) benefit from shitcoin because the list costs are quite large, so I think the exchange does not think about the quality of the project and only think about profits. It's very rare for a really tight exchange to list a token/coin, as far as I know is that Binance can't list all the projects there.

depend on the exchange there are exchange looking only for a quality project even you have funds for listing they will double check if you will have enough liquidity to list in thier exchange.
Mostly small and unknown exchange only accepting shitcoins because of listing fees.

[sana54210]

In this example, I think TSL might have been payed the listing fees onto BitMart which made it to be listed over there. Not much of the larger exchanges are now listing shitcoins but at least we would find some in the markets no matter how advanced we get. There always would be few shitcoins in the markets which would never give any benefits to the investors who might invest into such coins.

There are a lot of coins in the markets and majority of them have no working product behind them which does never create any demand for those which than differentiates them into shitcoin. Usually, spotting these shitcoins is not that difficult task if we have gained some experience.

[Spider A4]

I think TSL listed only Bitmart exchange, i can not find it elsewhere. Greedy exchanges owner listing such shit coins to get fees. TSL is looks very trashy coin, who's investors will go to buy in 0.46$ worth. 0.018 BTC is today volume. BitMart listed a many garbage coin those are dead.

Why coinmarketcap will be remove fake exchanges Latoken-this is master of shit coin listed exchange, p2pb2b- in previous last a few months they launched 90% scam ico projects.   

[mbakruroh]

Shit coin only to complete coin list on exchanges, there's no other value but some exchanges did that so they can say looks my place is full. Exchanges will list if developer agree with their rules, so the aim is profit. Exchanges doesn't care about coins future because get profit to keep running is more important. If you knew there's shit coin I think you should leave the exchanges and share the information with us.

[Janation]

As long as it has its value, it will continue to be listed in an exchange.

Some may be dead, some are close to being dead but as long as it has its values, it will continue to be listed. You can even see dead coins in there, just ignore them and let that be a memory that instills there, it would just remind you that no matter how expensive it is in the past, it is now dead and that will be the same for all of the cryptocurrencies.

[AakZaki]

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?
~snip~

All Crypto exchanges around the world do not randomly include shitcoin in their exchanges.
Every coin that wants to enter one of the exchanges is required to pay a listing fee.  And if the coins entered into the exchange become shitcoin there are certain limits, meaning that if the shitcoin cannot meet the target volume within the specified time, then the exchange will remove the shitcoin from the exchange list.

So the exchange also wants to benefit from developers who want to put their coins in the exchange.

[Sadlife]

Big exchanges such as binance or bitfinex has some requirements before your coin/token get listed into their website. Those requirements are atleast the token must be listed first into two exchanges, its doesn't really necessarily have to be popular one's, as long as the owner has money those coin will get listed regardless being a shitcoin.

[Sled]

Big exchanges such as binance or bitfinex has some requirements before your coin/token get listed into their website. Those requirements are atleast the token must be listed first into two exchanges, its doesn't really necessarily have to be popular one's, as long as the owner has money those coin will get listed regardless being a shitcoin.

But it makes no sense at all having these bunch of shitcoins coz it also reflects their reputation as well. Yet, it can deny that Money is a powerful tool as of today and some developers will make use of that just to get listed just to prove to their investors that they are doing good care of them. But the question is, are they still profiting from it? Its nothing but a lose.

[The Cryptovator]

Except bitcoin, almost coins are shit coins. They don't have uses except trading of exchange. However there is also few potential coins with good developer team and they are try continuously to improve uses. Exchange listing shit coins just because of fee, they need money, nevermind if its shitcoin. Because exchange has no loss for listing shit coin, traders will loser. That's why shit exchange list shit coins. Some reputed exchange like Binance doesn't list easily and their fees quite high. That's the reason why shit coins won't list on well reputed exchange (due to high listing fees and weak developers team). Just ignore shit exchanges so you will able to skip shit coins as well.

[chip1994]

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!

Only shit exchanges will accept listing shitcoin. then exchanges will get fee listing and have revenue, simply like that. because each CEO and each exchange has different missions. There are people who create exchanges with the purpose of creating the most reputable and powerful exchanges, and these are exchanges like Binance, Bithumb global, Upbit, Huobi global. There are also many exchanges born just to cheat new people, that list is Coinbene, Hitbtc, Exmarket, Idax, P2PB2B. so be careful when choosing exchange to trade, there are lots of scams.

[Magkirap]

As long as it has its value, it will continue to be listed in an exchange.

Some may be dead, some are close to being dead but as long as it has its values, it will continue to be listed. You can even see dead coins in there, just ignore them and let that be a memory that instills there, it would just remind you that no matter how expensive it is in the past, it is now dead and that will be the same for all of the cryptocurrencies.

Yeah if a certain coin that most people call "shitcoins" has still its value then the exchange having it will still keep it and not take it away from the list because it still a alive coin its not dead yet but maybe close to being dead because of low demand but as long has its alive and have value the exchange will keep it.

[BlackFor3st]

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 benefits that they can get in listing shit tokens in their exchange is the profile especially if that certain token paid a good amount of money just to list that shit token for any reasons that they have. Everything can be paid especially in crypto space so this kind of happenings are only normal.

And there are cases also that they own that certain shit tokens, meaning they list it so if someone will try to buy it then they can earn. Other than that, I cannot think of other reasons why they are doing it.

[carlfebz2]

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 benefits that they can get in listing shit tokens in their exchange is the profile especially if that certain token paid a good amount of money just to list that shit token for any reasons that they have. Everything can be paid especially in crypto space so this kind of happenings are only normal.

And there are cases also that they own that certain shit tokens, meaning they list it so if someone will try to buy it then they can earn. Other than that, I cannot think of other reasons why they are doing it.

Having lots of tokens or coins in their platform doesnt really guarantee that they would really get that listing fee unless if you are a known exchange then its just normal
but some do list out tokens without having some strict requirements.They list as much as they can hoping for those coins to build up volume.

We know that if an exchange build up huge volume would really correlate into its reputation.They list as much as they can with those several factors.