Bittrex updated the listing criteria for tokens
New requirements for traders on Bittrex have been approved, reports coindesk.com.
Bittrex, a well-known cryptocurrency exchange, has published a list of requirements that affect token listing on their resource. Previously, companies willing to add their tokens to the exchange had to undergo a basic check and prove that their product was unique, in addition to the confirmation of absence of any problems with the law.
New specifications oblige token developers to send the information about their team and technical data of their project. With these conditions met, companies have a chance to join the listing on Bittrex.
Within the next step of verification, Bittrex makes sure that potential company strictly follows the legislative regulations. Service personnel examines the peculiarities of a newly-developed cryptocurrency and its importance to the market.
The reasons for possible removing of the tokens from the listing have also been announced: low trading volume, suspicious market activity, technical problems and so on. In case one of the issues occurr, developers have to deal with all the ramifications themselves.