The monetary expansion carried out globally, especially in the USA and Europe, after the start of the pandemic contributed significantly to the development of cryptocurrencies and its industry. With the abundance of liquidity, individual and institutional investors flocked to the crypto money market, which supported the rise of existing cryptocurrencies and triggered the emergence of new projects. And it has gained importance that the projects that opened their eyes to the crypto world are listed by the latest crypto money exchanges. New tokens continue to be listed on Binance, the world’s largest cryptocurrency exchange.
What are the crypto currency listing criteria of the Binance exchange?
In a recent interview with Forbes, Binance CEO CZ explained the necessary and important criteria for a token to be listed on the Binance exchange. Stating that the number of users of the token, which is considered to be listed first, is important, CZ says that there are many other factors such as the number of active addresses on the blockchain, social media audiences and code commitments:
If a token has many users, that product has value and we list it. This is an overwhelming and important feature. Consider meme coins for example, although I don’t understand it personally, if it is used and followed by a large number of users, we list it. My personal opinion is not important here. At Binance, we act according to the community.
As we reported , Binance lists around 346 cryptocurrencies, including popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), as well as meme-coins like Dogecoin (DOGE), Shiba Inu (SHIB) . Meanwhile, OKEx, the second largest cryptocurrency exchange by trading volume after Binance, lists 312 cryptocurrencies.