Crypto-exchange Bittrex reported on the criteria for selecting tokens
The American exchange Crypto-Currency Exchange, Bittrex, reported on the criteria for listing and delisting tokens. Now, according to CoinDesk, the company looks at a number of factors at once to make a decision to include the token in the exchange list.
The head of Bittrex Bill Shihara said that the company looks, first of all, on whether the token is innovative, whether the inclusion of such a token does not violate the requirements of the law and the developer of it.
Under the new requirements of Bittrex, before the exchange will consider the inclusion of a token on its exchange list, its developers will be obliged to provide technical information about the token itself and the data of at least one team member.
Tokens that have been admitted to the next stage of the review will then undergo a compliance review procedure, which will help Bittrex make sure that tokens can be placed for trading in the US. After that, the special council will consider the features of the blockade of the presented crypto currency, its scope, its importance for the market and the reputation of the development team.
"We must be sure that if something goes wrong, these guys will be able to fix everything, and sometimes they will have to react very quickly. A capable team of developers is of great importance in the listing process, "Shihara said.
Among the reasons that may induce Bittrex to exclude a token from the list of digital assets available for trading are changes in legislation, low community interest, break-in or blockade of the lock and related technologies, the team's refusal to support their own token, low trading volumes, and also suspicious activity in the market and user complaints.
