Jasz
VIP Contributor
Exchanges, like all businesses, have a primary goal of making money. In order to do so, they need to get people to use their platform. And in order to get people to use their platform, they need people to trade on it. To encourage trading and draw in new users, exchanges will offer incentives for listing new coins or tokens, such as fees or listing bonuses.
The reason exchanges love listing crapcoins is because they know that once there are enough traders using their platform, they'll be able to make money off of those traders' activity, whether it's by charging fees or taking a share of the profits made on each trade made through their exchange. When an exchange lists a coin, it's usually because of one of two reasons:
1. The exchange is being paid to list the coin. This is the most common reason for an exchange to list a coin.
2. The exchange wants to grow its user base and believes that by listing a coin, it will attract more users who want to buy/sell that coin.
In either case, the exchange is trying to grow its revenue stream by listing more coins and attracting more users, and the only way it can do that is if those users are willing to spend money on the platform.
The reason exchanges love listing crapcoins is because they know that once there are enough traders using their platform, they'll be able to make money off of those traders' activity, whether it's by charging fees or taking a share of the profits made on each trade made through their exchange. When an exchange lists a coin, it's usually because of one of two reasons:
1. The exchange is being paid to list the coin. This is the most common reason for an exchange to list a coin.
2. The exchange wants to grow its user base and believes that by listing a coin, it will attract more users who want to buy/sell that coin.
In either case, the exchange is trying to grow its revenue stream by listing more coins and attracting more users, and the only way it can do that is if those users are willing to spend money on the platform.
