Imagine that you launched an innovative crypto project with a unique token that can potentially change the way people transact. To help the token reach a wide audience and grow its trading volume you need to list token on exchange. You do want your token to be listed on the largest and most trusted exchanges, such as Binance, for example.
In this guide, we will walk you through the common steps to be completed.
Stages of Token Listing on Exchange
So the process of exchange listing crypto takes the following steps:
➤ Choose a platform. Pay attention to the exchange’s trading volume. Platforms with large trading volumes can provide better liquidity for new tokens. Also, consider regulatory compliance, jurisdiction, and listing fees.
➤ Check out if your project’s technical requirements meet the chosen platform. That is about blockchain commutability and token standard compliance.
➤ Prepare documentation. To prove your legitimacy and compliance, you need to provide documents such as whitepaper and information about the company founders and the team.
➤ Establish a strong community. Work on expanding the community of your project. It includes engaging in community discussion, addressing their concerns, developing social media, and partnering with influencers for a wider awareness of the project and token.
➤ Apply for a crypto exchange listing. Some exchanges have listing application forms, while others allow for listing without application. Depending on what exchange you choose, your path to listing will differ. However, maintaining communication and promptly providing all the necessary information like licenses, documents, etc., is crucial for listing approval.
➤ Comply with regulatory requirements. To be listed on major trading exchanges, your project needs to comply with AML and KYC regulations. It demonstrates the project’s commitment to applicable laws, trustworthiness, and credibility.
➤ Consider liquidity. Liquidity stands as one of the main indicators of success – high liquidity means a token can be easily bought and sold. Liquid markets attract more investors and create trust among them. It might be difficult to provide a sufficient level of liquidity for a new token. In this case, you can make partnerships with other projects or a market maker platform, that will pour liquidity into your token.
➤ Pay token listing fees. Make sure you understand the fee structure of the platform you choose. Evaluate the benefits of listing on a potential exchange and compare them with the fees you’ll have to pay.
Listing on crypto exchanges is the keystone of a successful crypto project. If you do everything right, your project will receive widespread adoption and capitalization. Before applying, make sure your project complies with regulations. Work on writing a clear whitepaper and engaging like-minded people in your project’s community.