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Bittrex: New rules for coin listings read

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the crypto Exchange Bittrex has published guidelines, in which she sets out the conditions under which future lists token on their platform.

In the new rules, Bittrex presents factors that must be considered when it comes to whether new digital currencies are included in the crypto stock exchange. The rules should therefore increase the transparency and provide an insight into the procedure of Bittrex. The rules are generally formulated conditions, after which tokens are evaluated.

The admission procedure is divided it into two parts. In a preliminary decision, an individual employee by Bittrex assessed whether the coin is recorded in the second round of the decision. In this a multi team decide then whether they will allow the Kryptowährung to Bittrex. This Bittrex also checks whether the applicant the right to classify as a securities or commodities are, what is regarded as a criterion for exclusion.

Bittrex presents rules

still the operator want to check especially the legitimacy of the coins. Accordingly, an applicant must have a legitimate use case. Moreover, must the coin with the Blockchain or the technology used be compatible, will be supported by the community and have a reasonable amount of trade. In this context, Bittrex want to check the developer and your team. In their detailed collection the operators reserve also the stock exchange, to delete tokens without warning of their marketplace. Only in hindsight, they want to switch a message on their homepage. Finally, the stock market more on want to make to prevent market manipulation. After the stock exchange prohibits a Kryptowährung, the holder according to the announcement have 14 days to leave their token on the stock exchange.

Bittrex was advised last year in the criticism because she had frozen customer accounts without warning . This happened although apparently for security reasons, unsettled some investors. With their current thrust, Bittrex goes one important step at least in terms of transparency. As we explain in the current Kryptokompass, just the exchanges play an important role to keep the market stable.


Phillip Horch Phillip

 Phillip Horch Horch has completed his master’s degree in literature-art media at the University of Konstanz in the October 2017, and has since worked as a freelance journalist. Already during his studies, he has written for various magazines and now taking hold in Berlin. In the focus of his journalistic work, particularly the opportunities and challenges are so that it deals with the complex subject of Blockchain and Kryptowährungen for some time.

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