Quote from: SistaFista on August 29, 2019, 02:22:49 AM

Quote from: numeracci on June 17, 2019, 11:41:23 AM

Hi people, just wondering why Bittrex that is a very big exchange doesn't have its own coin like BNB or KCS.
Maybe there's a reason.

Firstly they need to define what will be the purpose of their token.
I think they have enough funds already to operating the exchange, so they don't need to selling their token anymore.
It would be different if they are a new exchange that want to operating the exchange from the beginning.

That's the reason, Bittrex is an old exchange that are still reliable until now, and they are already profitable so there is no need for them to share their profit by creating a token.

Unlike Binance which started in ICO and they got their funds to operate from the amount they raise, so they are oblige to continue with the system and as the exchange grows, the holders will also enjoy with the value increment, this is an effective way to market as those holders of the tokens will surely support the exchange than other exchange so they will also benefit when it grows.