Top CEX racing to list the most DEFI tokens

[Bttzed03]

Uniswap is currently killing it but top CEX are not losing out on the new crypto trend to make profits from traders riding the DEFI hype.

The most active according to this article dated Aug. 10, 2020

• Binance: listed 9 out of 13
• FTX: listed 6
• Poloniex: listed 11
• Coinbase: listed 4

There are probably more now as other exchanges are trying to catch up just like this one:

(source)

When the hype dies off and as the trading volume for these tokens declines, I expect them to be delisted. What's happening right now is similar to what happened back in the ICO boom when top exchanges listed a lot of ICO tokens only to delist most of them later on.

[hugeblack]

Exhange are profitable institutions, it does not matter to them if the user made a loss or profit, but rather won more money, and thus add of any project that could achieve that profit.

DE-FI projects is new hot topic, So you will hear more noise from them, you may be able to achieve some returns but in the end, it is an investment opportunity.
Remember, don't ride the wave after everyone's talking about it and seem an easy chance to make some profits.

[stomachgrowls]

Normal for these platforms to join up with the hype.They do know that they should join up the bandwagon for them to make more money and as mentioned on which this  is just like when ICO trend
had started on where people do make lots of money and become the talk in town.

Listing or adding projects on various platforms is unstoppable since they hype was still high and which volume do rise up but we have seen on how it all ended.

DeFi hype will surely fall in next line but since we are fully aware on how this market works then it wont matter as long you do know on when to get out and make profits.

Is it too late to jump? This is just the beginning though but i do see that this will be much more shorter than on that ICO trend.

[The Sceptical Chymist]

DeFi hype will surely fall in next line but since we are fully aware on how this market works then it wont matter as long you do know on when to get out and make profits.

You might be fully aware about how the DeFi market works (I'm assuming that's what you meant), but I'm sure as hell not.  I've done just a little bit of reading on it and have an extremely low-level understanding of how it's supposed to function, but the vibe I'm getting from it feels very much like the ICO craze, which has been mentioned multiple times in this thread alone. 

Of course the top-name exchanges are jumping into DeFi tokens.  If they don't, they're going to be losing out on enormous profits, as I'm sure they see another crypto craze forming.

Exhange are profitable institutions, it does not matter to them if the user made a loss or profit, but rather won more money, and thus add of any project that could achieve that profit.

Hell no, it doesn't matter to them whether there's any quality behind the token.  The only thing they care about is its trading volume, which is where the exchanges make their money.

[suchmoon]

Fools and their money.

And yes, I tried really hard to feel empathy for shitcoiners falling for the hype but I can't. Speaking of which, I have some ETH left over from some stupid deal I did a couple of years ago... so if this defi shitwave lifts ETH I won't feel too sorry dumping it.

[Bttzed03]

~ Speaking of which, I have some ETH left over from some stupid deal I did a couple of years ago... so if this defi shitwave lifts ETH I won't feel too sorry dumping it.

Moon boys wouldn't care if they're getting dumped on I guess 
I'm surprised you didn't sell all when it was $1k+.

DeFi hype will surely fall in next line but since we are fully aware on how this market works then it wont matter as long you do know on when to get out and make profits.

You might be fully aware about how the DeFi market works (I'm assuming that's what you meant), but I'm sure as hell not.  I've done just a little bit of reading on it and have an extremely low-level understanding of how it's supposed to function, but the vibe I'm getting from it feels very much like the ICO craze, which has been mentioned multiple times in this thread alone. 

Well. I've also spent time reading about DeFi and I still can't wrap my head around it....but I don't think @stomachgrowls is even talking about DeFi market specifically. He's probably describing the altcoins market which mostly consists of pumped and dumped projects. It's just a matter of which type of tokens will be the new trend. After ICO and before DeFi, deflationary tokens also had a short stint but you probably never heard of them 

[JeromeTash]

It's always about money. Exchanges most especially Centralized Exchanges are all about profit so when there is hype, they ride along with it because with the hype comes lots of revenue through Listing, trading and withdrawal fees. They don't care if traders end up holding bags of shitcoins through their platforms.

[bL4nkcode]

Soon as there's a hype ever exchange will follow the trend, same from ICO to IEO, then delist tokens soon as they don't make profit from it, simple.

[TheUltraElite]

The point is that exchanges run businesses and they can't afford to be not profitable. It is not a sign of endorsement when a top level CEX asks for suggestions for a tokens to be listed.

You can pretty well be sure that they have their own list of tokens and are just milking out support from their followers so as to make it seem that they are listening to them. It is the marketing method.

Whether this means good or bad, of course good for the people who are running the scam and bad for those who are getting into it. While you can make some money off this hype and bubble during the bullrun you might be facing bearish trend soon just like it happened with coin offerings.