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The CEO of a startup told how the crypto currency exchange extort money from developers

Compliance of the token the high requirements of the exchange not always is the pillar that decides the fate of the listing/delisting coins on the trading platform. In the first place are the trading volume of cryptocurrencies, which exchange gets the Commission.

As said the Executive Director of cryptocurrency project from the scope of the eSports Unikrn Raul Court, exchange OKEx recently actively gets rid of trading pairs with the “low liquidity and trading volumes”. According to him, representatives of the trading floor “directly asked them to increase by any means” under threat of delisting.

Moreover, the CEO Unikrn told that listing on the exchange of one matches the strict requirements of little — OKEx charges teams cryptocurrency projects large fee for the listing, however, does not guarantee the ability of the token to stay on the platform, if the company considers its trading volumes insufficient.

“I’m sorry, OKEx, but we do our business, not yours, he adds. Exchanges must cease to Rob the team of tokens and begin to create a platform for innovation and access”.

The court argues that the same practices are resorted KuCoin stock exchange, also recently reported the delisting of six cryptocurrency assets due to violations of particular rules. However, the most fair cryptocurrency exchange Bittrex he believes that “shit does not charge fees for listing, no fake trading volumes and not manipulated”.


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