Brian Armstrong, the co-founder and CEO of Coinbase Global Inc has waded into the conversations around listing bottlenecks on centralized exchanges. Over the past week, most of the discussions on crypto X centers around the strain promising projects faces when trying to list on top exchanges. As the Brian Armstrong noted, this is not the case with Coinbase Exchange.
Brian Armstrong on Listing Procedure
Exchanges play a crucial role in the digital currency ecosystem. First, they serve as a conduit through which investors can access new tokens to buy or trade. Depending on the size of the exchange, promising projects can gain visibility to new markets.
According to Simon Dedic, Moonrock Capital CEO, a Tier-1 project finally bagged a Binance listing after a year of due diligence. While this is a fairly positive update, Simon flagged the listing fee which is pegged at 15% of the total token supply.
In Dollar terms, the Moonrock Capital CEO said this equates to about $50 to $100 million. He
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