Crypto Exchanges Charging Up To $3 Million To List Tokens
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Crypto Exchanges Charging Up To $3 Million To List Tokens

THELOGICALINDIAN - Cryptocurrency trading exchanges are charging as abundant as ten times the bulk acceptable exchanges appeal for balance according to a cardboard appear by Autonomous Research a fintech assay firm

Also read: Taiwan Looks to Regulate Bitcoin Under Anti-Money Laundering Laws

ICO Listing Exchanges Charging Huge Fees

Infrastructure providers of crypto listings accept realised that there’s money to be fabricated back it comes to creating paths to liquidity. To account an ICO on a accepted crypto barter can amount anywhere amid $1 – $3 million.

The appliance and access fee on the Nasdaq Capital Market, for a advertisement of up to 15 actor shares costs as little as $55,000 with anniversary fees almost the aforementioned bulk to abide listed.

Crypto Exchanges Charging Up To $3 Million To List Tokens

“The bazaar amount to account a crypto badge on an barter is $1 actor for a analytic admired token, to $3 actor for an befalling to get quick liquidity,” explained the authors of the report.

Tokens become added adorable if buyers apperceive they can barter them easily, acceptation the success of an ICO generally comes bottomward to accepting the advertisement on an exchange.  

Money to be Made

The authors do abandon that the analysis is based on sleuthing central Telegram groups and clandestine conversations with those in the know, but there accept been added rumblings abroad in the industry to advance that these abstracts are accurate.

Business Insider appear it had begin crypto exchanges charging a $1 actor per ICO aftermost month, while one altcoin developer told news.Bitcoin.com that they were quoted a fee of $3.5 million for actuality chip with a accepted adaptable wallet.

In adjustment to awning these ample fees, claims the report, startups are overfunding their projects. That’s advance to some companies accession 10 times added in allotment compared to companies that accept acclimated added acceptable methods.

Blockchain startups accept aloft added than $3 billion in ICOs this year already, compared with about $270 actor in adventure basic rounds, lending added believability to the claims fabricated in the report.

Fat Off the Proceeds

Crypto Exchanges Charging Up To $3 Million To List Tokens

The exchanges managing these ICOs accept gotten fat off the proceeds. In 2017, Coinbase is appear to accept fabricated a $1 billion in profits and Binance upwards of $200 million. Advisers on the deals additionally booty a cut, about about 5 percent of the absolute deal.

Currently, over 98% of cryptocurrency barter trading occurs on centralized barter networks like Binance, Bitfinex, Okex and Upbit.

But there is hope. Decentralized exchanges such as Bisq action agnate casework that centralized exchanges action at a atom of the price, but are still in the aboriginal stages of development.

Don’t apprehend the ample fees to abandon anytime soon. 

Do you anticipate it’s fair that exchanges allegation so much? Let us apperceive what you anticipate in the comments below.

Images via Pixabay, Binance. 

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