Bitget Opens Transparent New Token Listing Application Portal

Bitget, a leading crypto exchange, opened a transparent new listing application portal for project teams. This comes shortly after several other crypto

Crypto exchange Bitget has opened a new transparent listing application portal for project teams, BeInCrypto reports. This comes shortly after several other crypto exchanges faced allegations of charging huge fees for token listing.

Bitget will not charge project teams to receive a listing, but the exchange demands high standards for all listed tokens. The exchange will carry out enhanced due diligence and a rigid review process for token listings.

Bitget’s Token Listing

Crypto exchange Bitget has opened a new application portal for token listings, according to a press release shared with BeInCrypto. Bitget promised that the portal will include enhanced due diligence and a rigid review process for token listings and generally aim to provide project teams with transparency. This comes one day after a major token listing controversy from Binance and Coinbase.

Specifically, several token developers and community leaders described incidents where these exchanges asked for exorbitant listing fees. These include an alleged demand for 15% of one team’s total token reserve or similar expenses to receive a listing. Major exchange listings can significantly increase token valuation and trade volume, leading some to pay high premiums.

In this controversy, several parties from both sides have advocated for the growing decentralized exchange sector. However, Bitget is a centralized exchange, and it’s using this new listing portal to claim it’s a transparent one.

“We at Bitget strive to create a platform where crypto gems can truly shine,” said Bitget CEO Gracy Chen. “Bitget prioritizes projects with strong innovation, network effects, and ecosystem value. Our listing and security team work closely to make sure we bring trustworthy projects on the platform. We aim to… [drive] continuous innovation and prosperity in the crypto industry.”

Bitget emphasized that it does not charge any fees during the listing application process, whether to begin or as payment for assessment services. The firm also claims to collaborate with project teams in several steps and monitor tokens after the official listing. Underperforming tokens may even face delisting if they fail to meet quality standards continually.

However, the process isn’t easy. Above all, Bitget asks potential clients to report any improper conduct or conflicts of interest from company representatives.