Why are exchanges still listing shitcoins?

[CryptopreneurBrainboss]

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.

Although I'm not in supposedly of the practices of the exchange but still it's our personal duty to care for our investment. Don't use an exchange as a wallet neither should you depend on them for investment guidelines that's, don't go trading a coin or investing in a project, just because it's listed on an exchange you love. Many noobs engage in this practice, you see people buying or trading a coin just because it's listed on Binance not understanding that a project been listed on Binance doesn't guarantee it's a safe investment.

If I'm not mistaking a coin has been dislisted from Binance due to some controversy of the CEO and the law enforcement agencies, users that bought such project without carrying our personal research and relied on Binance for investment advice lost all or most of their funds since the project dump massively.

[dunfida]

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.

Life is unfair as always and these platforms do really take advantage on such thing for their own benefit.Is this stuff still surprising? Definitely not.
They would list as much as they can and ask out listing fees and sometimes its even free but somewhat their reputation is on exchange if they do
list a ton.

We do see some exchange now that had been flooded by lots of tokens but to think that it doesnt give something new.Its good for people
who do trade those shitcoins but majority would much preferred on coins which had been established and been supported by years.

[erikalui]

Although I'm not in supposedly of the practices of the exchange but still it's our personal duty to care for our investment. Don't use an exchange as a wallet neither should you depend on them for investment guidelines that's, don't go trading a coin or investing in a project, just because it's listed on an exchange you love. Many noobs engage in this practice, you see people buying or trading a coin just because it's listed on Binance not understanding that a project been listed on Binance doesn't guarantee it's a safe investment.

If I'm not mistaking a coin has been dislisted from Binance due to some controversy of the CEO and the law enforcement agencies, users that bought such project without carrying our personal research and relied on Binance for investment advice lost all or most of their funds since the project dump massively.

True that investors should take care before trading coins on exchanges but exchanges that list literally any coin also cannot be trusted. Coinexchange was such that listed all unrecognized shitcoins and people started leaving the exchange. Result was the trading volume was low and they finally shut down their exchange. Such exchanges should be boycotted as earning funds shouldn't be everything. Many exchange delist coins for many reasons but listing a coin without any website is the biggest blunder.

[hajirkhalid2]

Now a days shitcoins are also playing important role in cryptocurrency platform. Long term shitcoins gives good revenue in this field.

[Twentyonepaylots]

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.

I don't see how that is unfair to us cryptocurrency investors honestly. As if these shitcoins still have the chance on the market to gain value. As what you have mentioned, it is all for profit. They wanted to gain more revenue from these shitcoins apart from the. Profits they gain from the withdrawals and possibly website traffic. And I don't see anything hostile about that. If anything, this balances out the transaction fees that they impose per withdrawals since they charge it to someone else instead of throwing it down on the consumer's end of the string. It is weird, yes. But not hostile.

[Zemomtum]

They are doing so for selfish reasons. Listing is not free, it is either you paid in BTC of with the project tokens which will be immediately dumped on the head of unsuspecting traders who cannot do a little research. Exchanges could have been an instrument to clean up all these messes but they choose to act otherwise.

[Polar91]

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?

The first thing I'm thinking is because of the listing fee that they can acquire from the particular owner of that coin. The more they list coins regardless of their intergrity, they don't care as long as they get the profit. The second thing that I'm thinking is that they believe that shitcoin could become a reputed coin just like other coins in the market who has a huge market cap whom just started from being a shitcoin. We can't really underestimate the potential of a coin as all of them can be successful once the demand overwhelmed.

[Btc_1856]

Exchanges which has some good reputation not bothering about listing those fake coins, but only low valued exchanges are listing these fake coins for listing fee. Every exchange should research a lot about the coin listing and this will surely improve their standards.

[Kupid002]

Exchanges which has some good reputation not bothering about listing those fake coins, but only low valued exchanges are listing these fake coins for listing fee. Every exchange should research a lot about the coin listing and this will surely improve their standards.

Yes if you are reputable exchange you will not destroy your name just for the money you will get for listing shit tokens.
If you are traders and you dont want to trade shitcoins then its better for you to use only trusted exchange , in that case you will not be a victim of fake volume and fake trades from shit tokens/coins.

[CryptoVzla]

bro, do you think they were care about traders on their exchange? they dont care about it at all, as long the new coin developer pay them listing fee and give them traffic & volume for about 2 week before the shitcoin going dump and no one buy it is enough for the exchange list them.

take a look at crypto-bridge, they known as popular masternode coin exchange that listing any shit or scam masternode coin as long they got paid, while investor get scammed

[Assface16678]

Exchanges which has some good reputation not bothering about listing those fake coins, but only low valued exchanges are listing these fake coins for listing fee. Every exchange should research a lot about the coin listing and this will surely improve their standards.

Yes if you are reputable exchange you will not destroy your name just for the money you will get for listing shit tokens.
If you are traders and you dont want to trade shitcoins then its better for you to use only trusted exchange , in that case you will not be a victim of fake volume and fake trades from shit tokens/coins.

Because of the innovation of the bitcoin today it will show now a lot of different coins because the developers of those coins are expecting that the price of their currency today will now become popular and get a lot of investors, but some of those coin develops is cannot survive into the world of crypto trading and market. For now, we are calling them as the dead coins; those coins sometimes do not have any value, and there are no reserve trades; those are just a coin still listed to the trading platforms, but there is no any transaction.

[Janation]

Exchanges which has some good reputation not bothering about listing those fake coins, but only low valued exchanges are listing these fake coins for listing fee. Every exchange should research a lot about the coin listing and this will surely improve their standards.

That is the reason why.

A lot of people are asking why they are still listing those coins but these exchanges earned from it via their listing fee. Another thing is that they can't really ignore some of those coins since each exchange has its own coins they accept. You can read this article, this is an article last year but still, it can give you the idea.

https://cointelegraph.com/news/how-do-crypto-exchanges-select-coins-what-does-it-take-to-get-listed

[Gheka]

bro, do you think they were care about traders on their exchange? they dont care about it at all, as long the new coin developer pay them listing fee and give them traffic & volume for about 2 week before the shitcoin going dump and no one buy it is enough for the exchange list them.

take a look at crypto-bridge, they known as popular masternode coin exchange that listing any shit or scam masternode coin as long they got paid, while investor get scammed

You cannot have the negativity about such exchanges because with an exchange that few users, they really won't take the time to care about their reputation, they just want to profit from advertising and listing, they created this platform just to try to attract creators, help the market have more rubbish, instead of cleaning up all. However, with the exchanges that are crowded, plus the reputation recognized by investors, they will not care about a bit of money for advertising and ignore their reputation, you can see that binance always has very thorough filtering

[AicecreaME]

The reason why exchanges exist is because their duty is to list coins, they didn't mention that shit coins are not included or will not be included in them. It is a business, that is why they are still existing up to now, when there is money, there is a way for shitcoins to be listed in an exchange, which is not contradicting any law of the cryptocurrency world that shitcoins should be banned and so on.

It won't harm you even if there is a lot of shitcoins in an exchange, unless you are going to buy them for your own personal reason or whatsoever. It is just business, so we don't have the rights to complaint about it, if we do have, then why not make an exchange that exclude shitcoins in the list, that would be awesome.

[Distinctin]

It won't harm you even if there is a lot of shitcoins in an exchange, unless you are going to buy them for your own personal reason or whatsoever. It is just business, so we don't have the rights to complaint about it, if we do have, then why not make an exchange that exclude shitcoins in the list, that would be awesome.

Some exchanges have already excluded/delisted those coins that have no market volume or even seeing there is no market potential. Some coins did a big jump last 2017 but it turns down nowadays it possible they are delisted by then in the future especially for the top exchanges Bittrex, Kucoin, and Binance.
https://bittrex.zendesk.com/hc/en-us/articles/360022158031-Why-Bittrex-Removes-Certain-Coins-or-Tokens
https://cointelegraph.com/news/binance-delists-trading-pairs-some-include-tokens-from-its-launchpad

But for some reason/s why some exchanges listed new coins or tokens is because they think that this could help to attract investors and may it serves to increase their market volume. But it is sad to say that most investors aren't convinced enough especially when that certain exchange is new and having a questionable reputation.

[Omega Weapon]

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!

Exchanges care only about one thing and that is to make money and if they have to list bad coins to make money then they are going to do it, I know this sound bad but it is the truth, exchanges like any other business want to obtain profits and if people are willing to throw away their money to those coins then they are going to list them even if deep down they know they are listing bad coins, at the end of the day it is not their job to help investors to manage their money and if they want to waste it in such coins then so be it.

[TitanGEL]

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.

It is because of money $$$. Of course one of the ways in order for an exchange to earn profit is by listing fee. They do not have care if it is a shit coin or it is a potential coin, they are just listing because of the profit that they can get. Even in reputable exchanges Like Binance and Bittrex, there are a lot of shitcoins are in there so as a trader we should be careful on thr altcoins that we are trading un order to avoid losses.

[Oasisman]

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.

Nevertheless, if anything happens to a specific shitcoin, the exchange who listed it has also had a responsibility to compensate the users if anything goes wrong. That's how you identify good exchange. It's unavoidable to a certain exchange not to list shitcoins, because even shitcoin had a chance to improve in the long run, as long as the team keeps on working and developing. Plus the exchange receive good profit from listing depends on the deal they've reached.

[MWesterweele]

Exchanges won't stop listing shitcoins until they stop getting money from applications or bribe money to get certain coins or tokens listed. The larger and more reputable exchanges typically have more stringent applications that makes it harder for newer coins to get listed, but most exchanges allow shitcoins to be pretty easily listed. I don't find many advantages as someone who doesn't trade those coins to have a ton of them on exchanges, but I guess it also does boost an exchange's overall trading volume by a bit.

Some exchanges, will continue to list any coin as long as the team will pay the exchange for every pair that they will about to ask, and it would be a long term listing sometimes, there are some exchanges that won't let this happen, I think in HitBtc if I am not mistaken or in other exchange they will delisted the coin once it is not yet active and orders are not huge and they dont have any trades. Binance is very strict in terms of this one so as you can see, they aren't listing any shit coins there.

[S4VV4S]

It is because of money $$$. Of course one of the ways in order for an exchange to earn profit is by listing fee. They do not have care if it is a shit coin or it is a potential coin, they are just listing because of the profit that they can get. Even in reputable exchanges Like Binance and Bittrex, there are a lot of shitcoins are in there so as a trader we should be careful on thr altcoins that we are trading un order to avoid losses.

Agree, all because of money, they don't care if it can harm the traders if they trade shitcoin. I really hope all the Exchange developers to tighten the listing rules. For example by adding high fees so that shitcoin developers cannot afford to pay for registration fees on the Exchange.