Have you ever thought of this before?
When I first heard of IEOs from smaller exchanges, I thought they were simply catering to one of the demands of ICO investors which is immediate exchange listing.
Then came the bigger centralized exchanges like Binance, Bittrex, and Kucoin. It somehow made me wonder why would they open up their platform to crowdfunding. Maybe because they also think that the ICO market is dying? If so, then that would mean less new projects. With less new projects, less potential source of income (listing fees).
So in the end, it is still all about the $$$. These exchange are probably afraid of losing one of their major source of income
What's your take on this?
This is a comical but true angle to it all... The IEO mechanism has probably made it easier for these exchanges to list new coins..Asides from IEOs am yet to see binance list a coin on their platforms.. Guess they must be making much more from IEOs than normal listing of coins.. When I first heard of IEOs from smaller exchanges, I thought they were simply catering to one of the demands of ICO investors which is immediate exchange listing.
Then came the bigger centralized exchanges like Binance, Bittrex, and Kucoin. It somehow made me wonder why would they open up their platform to crowdfunding. Maybe because they also think that the ICO market is dying? If so, then that would mean less new projects. With less new projects, less potential source of income (listing fees).
So in the end, it is still all about the $$$. These exchange are probably afraid of losing one of their major source of income
What's your take on this?