Why are exchanges still listing shitcoins?

[Twinkledoe]

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.

What do you mean by "doesnt really guarantee that they would really get that listing fee"? Exchanges which require listing fee will always get that money from those projects that wanted to be listed. They will not open the trading unless those projects fulfil the necessary requirements from their end. So those smaller exchanges will ask smaller fees or there are actually some exchanges that doesn't charge anything just to get some coins listed on their exchange. And hoping that there will be traders and get some profits out of it.

[1715598833]

1715598833

[1715598833]

1715598833

[spike420211]

The main problem is not that exchanges place bad coins on their platforms, but that such coins generally enter the market.
Indeed, without proper funding, the project will not have money even to pay for listing on a bad exchange.
So the culprits of this whole situation are investors who for one reason or another give their money to projects that are subsequently useless for the market.

As a rule, the reason for investing in such projects is financial interest. Look at the list of top coins.
A huge number of mediocre projects received their funding from us. The problem is not in bad projects, but in people who invest in them.

[LUCKMCFLY]

The main problem is not that exchanges place bad coins on their platforms, but that such coins generally enter the market.
Indeed, without proper funding, the project will not have money even to pay for listing on a bad exchange.
So the culprits of this whole situation are investors who for one reason or another give their money to projects that are subsequently useless for the market.

As a rule, the reason for investing in such projects is financial interest. Look at the list of top coins.
A huge number of mediocre projects received their funding from us. The problem is not in bad projects, but in people who invest in them.

Good point the problem is how investors choose projects and how they deal with their interest, shitcoins still exists since investors still playing with their fate. Gambling with uncertain project and try their luck if the coin that being listed will work for them and bring them benefits. No assurance but they're willing to take the gamble.

They are very valid points of view, although there is something much more internal to see that they continue to list more and more shitcoins, and it is the business model that exists in an Exchange, just imagine that through the Exchange it is well known at what levels are resistances and supports, just having that information is already a great advantage over any trader. In addition, Market Makers packages are very lucrative, only when they meet the quota for shitcoins owners and everyone wins.

[wozzek23]

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.

But I believe it depends on the exchange you’re arguing about still the truth is that most exchanges, especially the new ones are fond of doing that.

They don’t care about the coins their listing whether it’s a good coin or a shit coin, all they want to do is to collect the money and that’s it. That’s why when you check most of these low exchanges mainly what you will be seeing there are coins that are heading nowhere. That’s why anyone that’s investing in investing in cryptocurrency should make sure they are using bigger and trusted exchanges that has already made a name for themselves.

[@prashant]

It is obvious that exchange list them as they get listing amount other than that they will list only those coin which have high volume. Generally new exchange list  shitcoin as they are looking to get revenue and when they get enough exchange volume they increase their standard.

[scuj_cero]

Someone has to do it, because there is money in it - from the perspective of a certain exchange, there isn't much cons in listing 1000 coins there. Every transaction equals fee, every withdrawal is fee, it's all about money. Fortunately, we have at least a small control of it, because of the pressure users can put on a platform.

[crzy]

Exchanges cant stop them from doing that because its money and of course you can see many shitcoins on a shit exchanges, this is the big difference on a best exchange compare to a shit one. If a coin can pay for the listing then they can do it, but they wont last here in the market.

[Spider A4]

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.

Yes, all of the exchanges fee are not same. Shit exchanges asking very low fees and this advantages will take scammer. Big exchanges first condition is project analysis, if it seems good quality and team is real after many justified than fee and other agreement will be happen.

Latoken,P2PB2B,Exrates.io,Fatbtc,VinDax,Dcoin these are so lower scheme exchanges and enough to destroy good projects.

[gentlemand]

This is a genie that'll never go back in the bottle. I expect there to be untold amounts of obscure exchanges in future. There'll always be a near infinite number of stupid people willing to take a bet and an untold number of people willing to supply their delusion.

It'll take place in largely ignored corners of the internet but they will always be out there from now on. It doesn't matter if a small number of well run exchanges dominate the world. There's always an outlier and always people who think they've stumbled across the 'next Bitcoin' hiding in the shadows.

Get used to it. It's only hotting up from here.

[Yamifoud]

If that certain exchanges listing shitcoins, it reflects their image and becomes shit exchanges as well.
It is all about the money that brought these shitcoins into a place that nothing will give some interest to look at. Investors are now picky into what project, a platform they'll going to put their money. And of course, nobody would take the risk of investing those coins that never have market volume.

Moreover, being listed is not the assurance of getting benefits from it unless there is a buying and selling event happen, and what it means that this project is alive and meant for good.

[Rikafip]

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?

Exchanges are willing to list clear scams with fake teams and plagiarized whitepapers, let alone  "legit" shitcoins, and only reason is money, and ignorance of average crypto investor.

The main problem is not that exchanges place bad coins on their platforms, but that such coins generally enter the market.
Indeed, without proper funding, the project will not have money even to pay for listing on a bad exchange.

I don't think that's necessarily true, that shitcoins are still listed on the exchanges because they managed to raise a lot of funds. Back in 2017 this was probably true, as basically any shit project managed to raise few million USD, but situation changed now, and most of the projects never comes even close to  reaching soft cap.

Shit projects are now  capable of doing IEO and getting listed for a few BTC, and they are willing to invest their own money into it as they know that they will manage to get their money back and make nice profit by unloading their worthless tokens/coins onto clueless  traders.

[KnightElite]

All that matters is that they get paid by the project "CEOs" to list their coin/token, and that they could earn money off the trading fees of the coin/token's trading pairs. I'm pretty sure a lot of exchanges don't give a single crap if a certain project is even legitimate or not, as long as they could earn money.

It is really because of profit but there are exchanges that have parameter and rrquired feature first before they list a new coin in their exchanges. It is just normal but we should always be careful when we are trading a certain coin. I do not buy quickly when a new coin got listed in an exchange because there is no data that are available in order for me to analyze it very well. I still prefer to trade cryptocurrencies that have high volume and market capitalization.

[salkan3]

It's okay IMO to list shitcoins as long as you can actually short them. Shorting shitcoins can be very profitable.

As far as I'm aware, there are just two exchanges that allow you to short shitcoins.

One is FTX, other is Mushino

They both have index futures where you can short multiple shitcoins at once.

[teosanru]

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!

There is no advantage disadvantage thing here. it's a complete capital market and  everyone here is merely to mint money. Shitcoins raise some money for their coins and then later pay a certain sum out of it to shitty exchanges for listing them both of them are happy as the coin owners can now sell their coins on these exchange and exchanges are getting some money and certain volume along with it too. But this isn't a very big business these days and would soon end. If you want to get a list of exchanges recently added on any exchange have a look here: https://coinmarketcap.com/new/

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.

This isn't really true and if you think this then maybe you should realize that Bitcoin is the only currency these days which is used merely for trading on exchanges. Many new coins are actually having utility behind them and can't really be termed as shitcoins. just for instance ETH pretty much proved how smart contract can be useful for the world and enable creation of tons of ERC based tokens. ChainLink is also working on pretty much same concept and not to forget IOTA. I know so far results provided by any of these altcoins haven't been remarkable but leaving the first mover advantage there is nothing special even about bitcoin compared to altcoins.

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.

Actually exchanges with even minor volumes charge a lot for listing. The fees is enough to give the owners a pretty good profits. Reputation really don't matters to such exchanges as they know that they can never compete in the top tier.

[shield132]

That's because these exchanges have very bad strategy, they want to collect money as soon as possible (asking some fees to place your coin). But they can't understand one thing, this situation is pretty similar of following: Imagine you are selling good apples and someone asks you to keep his bad apples with your good ones and he offers you great fee for it. You agree with it and collect money quickly but you didn't understand that these bad apples will make another apples bad and in this words I mean that adding of shitcoins will ruin your reputation. That's not something exchanges should want but they don't care so, take it easy.

[Quidat]

That's because these exchanges have very bad strategy, they want to collect money as soon as possible (asking some fees to place your coin). But they can't understand one thing, this situation is pretty similar of following: Imagine you are selling good apples and someone asks you to keep his bad apples with your good ones and he offers you great fee for it. You agree with it and collect money quickly but you didn't understand that these bad apples will make another apples bad and in this words I mean that adding of shitcoins will ruin your reputation. That's not something exchanges should want but they don't care so, take it easy.

There were exchange that do list without particular fee and its true that this one do really affects reputation on said exchange.
Since community would able to know on which one is shit and which one isnt.When they do saw lots of shit coins flooding then
it would be reflected for said exchange to be shit too.Its better to have few but listing out those solid ones.All goes for the money
on listing everything.

[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!

I think this is a matter of profit. There will be many shit exchanges born just to list shitcoins to earn a few coins. without exchanges with the low-end segment, small ICO projects are nowhere to be developed. They all work, but most shit exchanges often cheat investors more. So if you see an exchange that tries to list all the coins with a bad volume, it's definitely one of the shit exchanges, so avoid exchange like this.
Also, I have had a bad experience with these shit exchanges, avoid them in the future. Yobit exchange, P2PB2B, Bcnex, Exmarket.

[erikalui]

Because they are getting their listing fee so they aren't interested in researching about the project. Also, it may be more unknown and unreliable exchanges listing unrecognized coins and not the trusted ones. It just makes investors/traders lose their money trading a coin that won't get them any profit.

Bitmart have published their article mentioning they did their reasearch They have just mentioned their explorer information, nothing else and the coin surprisingly is doing good with a market volume of 0.13 BTC. Will send them an email to know their reason and update more information here.

[Janation]

The main problem is not that exchanges place bad coins on their platforms, but that such coins generally enter the market.
Indeed, without proper funding, the project will not have money even to pay for listing on a bad exchange.
So the culprits of this whole situation are investors who for one reason or another give their money to projects that are subsequently useless for the market.

As a rule, the reason for investing in such projects is financial interest. Look at the list of top coins.
A huge number of mediocre projects received their funding from us. The problem is not in bad projects, but in people who invest in them.

Good point the problem is how investors choose projects and how they deal with their interest, shitcoins still exists since investors still playing with their fate. Gambling with uncertain project and try their luck if the coin that being listed will work for them and bring them benefits. No assurance but they're willing to take the gamble.

And some bounty hunters is also at fault here.

In the past year, a lot if investors are avoiding some projects since there are a lot of bounty hunters that ruin the projects. As they received the percentage they wanted, they immediately list them in market to sell with lower peice. More will follow and the price is getting lower and lower. There are a lot of coins that is not shit to start with.

[kotajikikox]

Because they are getting their listing fee so they aren't interested in researching about the project. Also, it may be more unknown and unreliable exchanges listing unrecognized coins and not the trusted ones. It just makes investors/traders lose their money trading a coin that won't get them any profit.

obviously it is all for money and not for the safeties of their subscriber,and this is a BS on exchanges users like  us in which we are entrusting our money in their platform without them caring for us ,this is unfair for a cryptonians.