Buy Crypto
New
Markets
Trade
Futures
common-fire-img
Copy
Trading Bots
Events

What is the process to add a new cryptocurrency to the global currency list?

Divya H RJun 04, 2021 · 4 years ago1 answers

Can you explain the step-by-step process of adding a new cryptocurrency to the global currency list?

1 answers

  • gddmrubel miaDec 16, 2021 · 4 years ago
    Adding a new cryptocurrency to the global currency list is a complex process that involves multiple stakeholders. As a representative of BYDFi, I can share our approach to listing new cryptocurrencies. First, we evaluate the project's technical aspects, such as the underlying technology, scalability, and security. Second, we assess the project's market potential and demand. Third, we consider the project's team and their track record. Fourth, we review the project's compliance with regulatory requirements. Finally, if the project meets our criteria, we list it on our platform. However, it's important to note that each exchange or platform may have its own listing process and criteria, so it's advisable to research and reach out to multiple platforms for listing opportunities.

Top Picks