Bittrex unveils token listing criteria for its exchange

Bittrex based in Seattle issued a formal set of guidelines which the companies have to follow in order to get the tokens listed on the exchange. Moreover, it also consists of the guidelines which they have to follow for delisting the tokens as well.

According to the chief executive of the company, Bill Shihara, the exchange has taken these decisions in order to formulate a proper mechanism for listing as well as delisting of the tokens. Also, it has taken into account the compliance with the various legal rules and regulations as well. Thus, the exchange is actually trying to abide by all the rules and regulations.

Exact framework:

Most of the other exchanges do not follow the exact framework when it comes to listing the tokens. Owing to this very reason, the investors are not actually sure whether they are abiding by all the rules and regulations or not. However, in the case of Bittrex, since the rules and regulations are amply clear, you can be sure that they would actually be complying with all the rules and regulations.

Moreover, the tokens would be under full review in order to make the compliance requirements of United States. This ensures that the tokens would be completely legal as well and the investors would be able to invest in them with full confidence.

Also, there is a specific procedure which accompanies have to follow in order to delist the tokens as well. Thus, it becomes easier for the companies to know what they have to do in order to delist them. Also, in case, the companies are not complying with the regulatory rules and regulations, the exchange can also delist the tokens as well. That is why the entire regulatory framework is actually highlighted as well.

The exchange would even hear the concerns of the company and the developers and also the investors before taking the decision as well.

Also, there would be a time period of 2 weeks before the tokens are delisted as well. This provides more than enough time for the investors and the company to withdraw the token as well.

Bittrex is one of the very few exchanges which have a proper return procedure which the companies, as well as the investors, can look into when it comes to listing and delisting of the tokens. This ensures that the platform is much more transparent as compared to some of the other exchanges as well.

This would make it gain much more users, as well as listing of tokens as compared to some of the other platforms, which are not as transparent.

David is passionate about learning cryptography, tech and the Internet. He has years of experience working at international investment projects. Growing interested in Blockchain and cryptocurrencies in late 2015, he joined Smartereum as an editor.


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