The largest crypto currency exchange in the world in terms of trading volume BinanceChangpeng Zhao, the CEO of , spoke about the listings on the platform. The successful CEO explained the most important criterion for listing a cryptocurrency on Binance in an interview with Forbes the other day.
Binance Is Looking At These Criteria
Binance CEO CZ stated that the important critical factor for crypto coins to be listed on platforms is the number of users. CZ also noted that many other factors are also important, such as the number of active addresses on the blockchain, social media followers, and code commitments. Noting that the main measure is the number of users, CZ continued his explanations as follows:
“If a coin has a large number of users, we list it. This is an overwhelmingly important feature. Consider meme coins as an example, if they are followed by a large number of users, although I personally don’t understand it, we’ll list it. We listen to communities, my opinion doesn’t matter. If you have a large number of users, then your product has value. This is the easiest way to scale. Include user statistics in the application form. This will help you significantly.”
Sergei Khitrov, founder of the crypto listing-oriented platform Listing Help, Binance he noted that large crypto exchanges, such as, are not interested in listing small tokens, as they mostly earn on transaction volume rather than listings. Khitrov conveyed his important views: “This is one of the main problems that many projects do not understand. They should start with creating a community.”
How Many Cryptocurrencies Does Binance List?
In his statement to the media, Khitrov said that the phenomenon he was talking about meant a much larger audience, not 500 or 10,000 people on the Telegram channel. However, the experienced name advised that token creators should start from smaller exchanges.
As of the moment of writing this article, Binance Bitcoin, Ethereum‘s as well as Dogecoin and Shiba Inu it hosts a total of 346 cryptocurrencies on its platform, including popular meme tokens such as. Binance’s daily transaction volume is estimated at $ 28 billion.