- According to Hao, OKX has no intention of becoming the industry’s most aggressive listing.
- The exchange does have certain long-term principles that dictate which tokens it lists.
According to OKX CEO Jay Hao, several people have been asking him to list new BRC-20 tokens. As a result, he has brought attention to certain requirements that must be satisfied prior to the listing being made.
The CEO of OKX has said that he is grateful to his friends for their kind suggestions that he list more BRC-20 tokens. Nonetheless, he clarified that the market would suffer as a result of this straightforward approach, even if it would allow the exchange to earn more money quickly.
Precise Criteria
According to Hao, OKX has no intention of becoming the industry’s most aggressive listing exchange. In addition, he conceded that OKX isn’t necessarily the market leader, but that the exchange does have certain long-term principles that dictate which tokens it lists.
To put things in context, he condensed these ideologies into five listing token principles. To begin, OKX verifies that a token is both product-driven and built on blockchain technology before listing it.
After that, the exchange looks at how well-known the token is among users; after all, no exchange would offer a token whose name nobody knows. Hao also said that the exchange sought to verify the long-term building capabilities of the project’s creator and investment team.
This is likely done to determine their degree of expertise and the longevity of their tokens. Fourthly, at a time when regulatory bodies such as the SEC are becoming very picky about cryptocurrency exchanges displaying unregistered securities, OKX is interested in learning about the legal and combination evaluation of the token issuer.
Last but not least, Hao made it plain that OKX does not back pitches but instead selects cryptocurrency ventures according to the exchange’s market analysis.
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