The Process How Tokens Are Added to Cryptocurrency Exchanges
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Major cryptocurrency exchanges have to constantly look for ways to attract more investors to trade within their platforms. Adding new tokens is a good way to reach that goal. We will compare the system of adding new tokens between Coinbase, and Huob’is HADAX. Adding new digital assets can be risky due to security, legal, and market manipulation concerns. Exchanges have to research and be prepared for the addition of a new cryptocurrency to their platform.
HADAX
Huobi Pro currently has a centralized operation mode which audits every token to be listed with strict evaluation standards. Huobi’s goal is to give investors more trading options on their platform which offers 100+ digital assets to trade from and offer new token startups the opportunity for their coins to be traded by a large database of investors.
HADAX process is as follows: If a token project shows interest to Huobi for the cryptocurrency to be added to the platform, the Huobi team will audit the token and check capabilities and security risks. After the audit stage,
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