While many investors were wondering according to which criteria exchanges list altcoins, a new post regarding listings came from the CEO of OKX, the leading cryptocurrency exchange.
Accordingly, OKX CEO Jay Hao explained the criteria the exchange seeks for altcoin listing.
Stating that many of his friends want OKX to list more BRC-20 tokens, OKX CEO announced that they have determined five criteria for the altcoin listing.
Stating that sending spam listing requests to himself on Twitter will never work, the famous CEO said:
“Many of my friends want me to list more brc-20 tokens. Thank you for your kind suggestions.
I would like to clarify that if we as an exchange use the simplest strategy of listing all tokens, I believe it may help the exchange make money faster but will ruin the market.
OKX never wants to be the most aggressive listing exchange in the industry.
Although OKX is not the biggest leader in the industry, they have long-term philosophies such as building infrastructure, not doing evil, being as transparent as possible and always being technology-oriented.
Sending spam listing requests to me on Twitter will never work.
In practice over the past many years, OKX CEX has established 5 main criteria for listing:
1. Whether the relevant token is blockchain technology and product focused. 2. Popularity of the token in the community 3. Whether the project founder and investor team are long-term developers 4. Legal and compliance review 5. We do not accept pitches, but choose altcoin projects based on our own market research.”
A lot of friends urging me list more brc-20 tokens. Thanks for these kindly suggestions. I want to clarify, as an exchange if we use the simplest strategy that is just list all tokens, I believe it may help exchange make more quick money, but will destroy the market. OKX never…
— Star (@star_okx) December 25, 2023
*This is not investment advice.
