That's damn true. That's why i notice many altcoins listing on some exchanges that i haven't heard about. Even i also doubt about their service and withdrawal process. Besides lack of liquidity also make me out of these exchanges. Besides it sad that, not best exchanges but many good exchanges also doing such shit listing because of money!
its always the smaller exchanges out there that try to list as much meme coin as they can and whatever meme coin is trending its instantly on their listed tabs because they also want to grow the volume, if its listing a coin that are good from technicality they can get a good reputation in the long run but definitely thats a long game to increase their trading volume.
I mean imagine they are listing coin that have real products and is sought after by many people even including ventures, they can definitely list it but then they also need to compete over with the exchange that are bigger than them,
the trading volume will definitely goes to the bigger exchange which deemed to be more reliable.
if they also add some random meme coin which i guess fall short in term of reliability but have trading volume thats high anyway they can have the opportunity to be the first exchange that list such meme coin and get the trading volume centered around their platform, it has always been this way anyway.
no way the smaller company could win against big company without doing this.