New exchanges?
Is it centralised or decentralised?
Topic: The Process How Tokens Are Added To Cryptocurrency Exchanges (Read 139 times)
I, myself, don't care much about on which exchanges are listed which tokens. Because I like more the idea of decentralized exchanges such as idex, etherdelta etc. Because these work on top of ethereum network and thus as long as you have and own your private key your tokens can't be compromised, nor your account frozen as everything is written in the smart contract. Of course there could be possible bad code and thus you could lose funds but as these are being used on daily basses by many people and honestly I haven't found any problems while using them.
Some people prefer centralized exchanges, I do believe this is until they don't try some DEX and understand how to use it.
Some people prefer centralized exchanges, I do believe this is until they don't try some DEX and understand how to use it.
Major cryptocurrency exchanges have to constantly look for ways to attract more investors to trade within their platforms. Adding new tokens is a good way to reach that goal. We will compare the system of adding new tokens between Coinbase, and Huob’is HADAX. Adding new digital assets can be risky due to security, legal, and market manipulation concerns. Exchanges have to research and be prepared for the addition of a new cryptocurrency to their platform.
HADAX
Huobi Pro currently has a centralised operation mode which audits every token to be listed with strict evaluation standards. Huobi’s goal is to give investors more trading options on their platform which offers 100+ digital assets to trade from and offer new token startups the opportunity for their coins to be traded by a large database of investors.
HADAX process is as follows: If a token project shows interest to Huobi for the cryptocurrency to be added to the platform, the Huobi team will audit the token and check capabilities and security risks.
Check out the rest of the article here: https://medium.com/@benchi10/the-process-how-tokens-are-added-to-cryptocurrency-exchanges-3cd762b836a5
HADAX
Huobi Pro currently has a centralised operation mode which audits every token to be listed with strict evaluation standards. Huobi’s goal is to give investors more trading options on their platform which offers 100+ digital assets to trade from and offer new token startups the opportunity for their coins to be traded by a large database of investors.
HADAX process is as follows: If a token project shows interest to Huobi for the cryptocurrency to be added to the platform, the Huobi team will audit the token and check capabilities and security risks.
Check out the rest of the article here: https://medium.com/@benchi10/the-process-how-tokens-are-added-to-cryptocurrency-exchanges-3cd762b836a5
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