RATE Group | Bithumb Exchange Is Launching Listing Committee for Cryptocurrency
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Bithumb Exchange Is Launching Listing Committee for Cryptocurrency

24 Aug Bithumb Exchange Is Launching Listing Committee for Cryptocurrency

Posted at 12:39h in Cryptocurrency News by

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South Korean crypto exchange Bithumb to roll out a new committee in September. The committee will monitor the markets and decide which cryptocurrencies are feasible to trade online

As per the reports, the committee came into motion on Aug. 22. This committee will keep a check on the listings of the exchange every month.

The factors that the committee will consider doing will include daily trading volume, the change in base market and project support and many others.

The currencies that will fail to meet the set standards will be given a time of 60 days to get their performances a notch higher. After this period, the currencies will be delisted.

Bitthumb also opinionated saying,

We will strengthen the check on technology development efforts and utility of cryptocurrency projects. We will take the lead in protecting investors by creating a transparent and safe trading environment.

This step was taken after some unauthentic coins were put in the trading lists that later fell in their…

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