The Covid-19 pandemic has made positive contributions to the development of cryptocurrencies and its industry.
With this development, new investors started to come to the crypto money market. While this enabled the rise of existing cryptocurrencies, it also led to the emergence of new tokens.
As the newly released tokens start to be heard, they are also starting to be listed by crypto money exchanges.
New tokens continue to be listed on Binance, the world’s largest cryptocurrency exchange.
Binance CEO CZ explained in a recent interview with Forbes the necessary and important criteria for a token to be listed on the Binance exchange.
Stating that the number of users of the token to be listed is important, CZ stated that there are many other factors such as the number of active addresses in the blockchain, social media audiences and code commitments.
Noting that the most important scale in token listings is the number of users, CZ said:
“If a token has many users, that product has value and we list it. This is an overwhelming and important feature.
Consider meme tokens for example, although I don’t understand it personally, if it’s used and followed by a large number of users, we list it.
My personal opinion is not important here. At Binance, we act according to the community.”
Around 346 cryptocurrencies are listed on Binance, including popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), as well as meme tokens like Dogecoin (DOGE), Shiba Inu (SHIB).
OKEx, the second largest cryptocurrency exchange by trading volume after Binance, lists 312 cryptocurrencies.