RATE Group | Bithumb Exchange to Launch Cryptocurrency Listing Committee
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Bithumb Exchange to Launch Cryptocurrency Listing Committee

23 Aug Bithumb Exchange to Launch Cryptocurrency Listing Committee

Posted at 22:25h in Cryptocurrency News by

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South Korean crypto exchange Bithumb will launch a new committee in September that will determine which cryptocurrencies can be traded on its platform.

A monthly check by experts

South Korean news daily Yonhap News reported the formation of Bithumb’s new committee on Aug. 22. The committee, entitled the Listing Eligibility Deliberation Committee, will review the exchange’s listings once a month, per the report. 

The committee will reportedly take into consideration daily trading volume, change in base market capitalization and project support among other factors. Cryptocurrencies that fail to meet the committee’s standards will have two months to improve their status before being delisted.

According to the report, Bithumb’s committee will also consist of lawyers and professors, in an effort to bring legal, technical and fintech experts on board to review the exchange’s listing process. A spokesperson for the exchange remarked:

“We will strengthen the check on technology…

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