With the rise in the cryptocurrency and ICO market, crypto exchanges, which are integral to the markets liquidity are also on an upward trend. Recent reports suggest that these exchanges charge anywhere between $1 to $3 million to list a token.
Crypto exchanges charges $50k-$3M, while Nasdaq charges $55k
In todays crypto world, crypto exchanges play an extremely important and popular role. A registered exchange, on its way to create the path to liquidity rolls in money. For instance, one of the fastest growing crypto exchange Binance raised around $2 billion in just about six months.
Cryptocurrency exchanges have various ways to earn money among which listing the tokens of an ICO (initial Coin Offering) is one such lucrative option. For a token to be listed on an exchange, it would cost one somewhere around $50,000 to $3 million.
Ridiculous, there is way too much room for exchanges to manipulate like this. Especially binance with their outrages fees, they list a lot of bad coins.