Binance and Bitrex have better listings than competitors

According to a recent study of cryptocurrency exchange performance conducted by Dier, Binance and Bittrex have the best-performing coin listings compared to HitBTC, Huobi and OKEx.

Given the recent boom in cryptocurrency demand, cryptocurrency exchanges are making huge profits, but the growing number of new tokens on the market, some of which may be counterfeit, has made it very difficult for exchanges to select the right coins to list.

According to the study, the return success rate of new tokens generated by ICOs is 27 percent for Bittrex, 38 percent for Binance, 64 for Huobi Both OKEx and HitBTC, which lists the maximum number of new tokens, have a ratio of 61%.

"Given the large number of coins on the market, proper listing is very important. Binance has created a special team to verify coins eligible for listing." Changpeng Zhao, the company's CEO, said in a statement.

Regulatory issues in countries such as the United States further complicate coin selection, as local regulations prohibit exchanges from listing coins that could be considered securities.

Earlier this month, the Securities and Exchange Commission (SEC) issued a warning to exchanges that allow such tokens for trading, emphasizing that it views the practice as an unregistered offering and sale of securities. securities.

Binance, as well as Bittrex, which is currently the only exchange offering ICO tokens in the United States, consult with lawyers before listing a token to ensure that the token is not a security. In addition, tokens must be properly assessed for innovative value.

“Bittrex uses a robust digital token verification process to ensure that listed tokens comply with US legal requirements and are not considered securities,” a Bittrex exchange spokesperson said in a statement.

According to https://www.financemagnates.com