Well you might have heard recently that big exchange players with big volume like Binance,Bittrex etc charge fees for listing any coin on their website which is totally fine as it should be because the process of listing with blockchain integration and much more is finalised with third party and so on.
But what if they keep charging the fees for listing ??
Recently news came in from Bitcoin gold you can read more about it here.
the exchange simply ask for fees and if not given they simply delist it best example is bittrex as many have faced loss due to this shit step of them over the time again and again.
is it good for the community ??
Well as the crypto world is growing and now we have over 1900 + crypto currency which is shocking i know but its a reality on coinmarketcap it will just double over the time... but to keep it listed there asking for money is it justified ???
Simply the case of Digibyte too is the same its the open sourced community where no official team is there to manage people are its core strength but exchanges keep asking for money to list it they simply denied it which is a great step in exposing some of the monopoly that has been going on!!!
What do you think about this action of exchanges is it legit or there should be some changes ???
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It's a difficult balance, the exchange is providing a service and can therefore request payment, at the same time it has to ensure projects are worthy of being listed. I don't have the solution I just wish exchanges were more transparent about it.
More about #cryptocurrency #market in these posts:
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Hyperbitcoinization: How Currency Crises Are Driving Nations to Crypto by zeroshiki
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