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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/brian-armstrong-addresses-listing-challenges-of-altcoins-on-centralized-exchanges/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Brian Armstrong Addresses Listing Challenges of Altcoins on Centralized Exchanges</a> 
Brian Armstrong, co-founder and CEO of <a href="https://en.coin-turk.com/robinhood-holds-the-fifth-largest-wallet-with-2-54-billion-worth-of-crypto-assets/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Coinbase</a> Global Inc., discussed the bottlenecks in the listing processes of centralized exchanges. Recently, the efforts of <a href="https://en.coin-turk.com/bitcoin-btc-starts-the-day-with-a-rise/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency</a> projects to list on leading exchanges have been a hot topic. Armstrong emphasized that such issues are not present at Coinbase.
<h2 id="listing-fees-for-altcoins">Listing Fees for Altcoins</h2>
Exchanges play a crucial role in the cryptocurrency ecosystem, serving as a tool for investors to access new tokens. Depending on the size of the exchange, promising projects can gain visibility in new markets.
According to Simon Dedic, CEO of Moonrock Capital, a Tier-1 project was finally listed on <a href="https://en.coin-turk.com/binance-announces-aevo-as-the-48th-project-on-launchpool/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance</a> after a year of thorough examination. While this is a positive development, Simon raised concerns about a listing fee amounting to 15% of the total token supply.
He stated that this fee translates to approximately 50 to 100 million dollars, which he believes is unsustainable for projects and could contribute to declining market trends.
<h2 id="coinbase-s-support-for-dex">Coinbase’s Support for DEX</h2>
Armstrong shared his views on this trend, stating that asset listings on Coinbase are free. He suggested that projects leave a note through the asset center to discuss listing opportunities.
<blockquote>
 Asset listings on Coinbase are free — leave us a note through the asset center and let’s see how we can assist in listing the project.
</blockquote>
Regarding difficulties in the listing process, Armstrong noted that decentralized exchanges (DEX) are viable alternatives. He reiterated that the trading platform supports DEXs in its product range.
Despite legal battles with the U.S. SEC, Coinbase continues to support promising projects entering the market. The company is also rapidly listing futures through its Global exchange, with NEIRO perpetual futures among the recently announced assets.
As Coinbase addresses allegations concerning listing security tokens, it is also making internal adjustments, including plans to remove the a16z-backed Decentralized Social (DESO) token due to potential underperformance.
By offering free listings, Coinbase aims to help projects reach a wider audience while overcoming the challenges associated with listing on centralized exchanges. This approach could alleviate the financial burdens on cryptocurrency projects and foster a more dynamic competitive environment in the market.
In conclusion, Coinbase’s free listing policy appears to be a positive step for the industry, encouraging other exchanges to adopt similar strategies to strengthen the ecosystem.
The post <a href="https://en.coin-turk.com/brian-armstrong-addresses-listing-challenges-of-altcoins-on-centralized-exchanges/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Brian Armstrong Addresses Listing Challenges of Altcoins on Centralized Exchanges</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.

Brian Armstrong Addresses Listing Challenges of Altcoins on Centralized Exchanges

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