Post
Topic
Board Press
Re: [03-04-2018] Bloomberg - exchanges are charging millions to list coins
by
squatter
on 03/04/2018, 20:47:33 UTC
https://www.bloomberg.com/news/articles/2018-04-03/crypto-exchanges-charge-millions-to-list-tokens-autonomous-says

This is of course a no shit Sherlock type of headline, but what I didn't know is that they're charging ongoing annual fees too. Surely the trading fees would've been enough. And I can't see any scenario where they'd remove a successful coin because they weren't being bribed, but maybe it's possible.

Re: ongoing fees -- I had no idea. That's news to me. The politics around exchange listings felt pretty scummy already, but that adds a new angle. It's such an obvious quid quo pro, and major exchange de-listing can really cripple a coin, so it's basically extortion to some degree.

I wonder what the landscape would look like if this wasn't a thing.

The exchanges are still in cash-grab mode. They know that altcoin trading will move predominantly to decentralized platforms.

It's time for professional stock exchanges to get involved in this market -- current exchanges are shit and incompetent.

All in time. I think Circle's acquisition of Poloniex is the first major step in that direction.