Major crypto platforms to reconsider token listing procedures

Evaluating tokens before listing on crypto exchanges has become quite an issue. Coinbase СЕО Brian Armstrong believes the listing strategy needs to be revamped, while Binance founder Changpeng Zhao says U.S. crypto regulations further complicate the issue.

Most crypto platforms are criticized because their listing procedures are not transparent enough. Critics insist that crypto exchanges can charge millions of dollars for approving new digital assets and demand a considerable amount of tokens, which can hurt token issuers.

Representatives of crypto exchanges do not comment on these allegations; instead, they call for a fair and transparent listing procedure and straightforward general regulations.

The current token listing procedure and conditions depend on the exchange platform. Coinbase only allows assets that are “safe” according to U.S. crypto regulations. Binance and Upbit have their respective criteria.

Coinbase listed $TRUMP almost immediately upon its issue. Meanwhile, TRON, a popular crypto coin, is still under review.

“A typical example of Coinbase’s listing process is Tron, one of the world’s top 10 cryptocurrencies, which has been under review for listing on Coinbase for seven years,” TRON founder Justin Sun posted, highlighting the unfairness of the delay.