Receiving lists on currency exchange websites: what you need to know
As the popularity of digital currencies increases, many people and companies are looking for ways to list their own virtual currencies on reputable online exchanges. However, before you can take part in this process, it is necessary to consider several key factors.
In this article, we will examine the steps related to the listing on the currency exchange website, including what is needed to be successful.
What do you need to get on the list
To take part in the letter on the currency exchange website, your virtual currency must meet certain criteria. These include:
- Regulatory compatibility : Your cryptocurrency must be in line with relevant regulations, such as money laundering (AML) and Know-Jour-Customer (KYC) laundry.
- Security measures : You must implement solid security measures to protect customer funds, including portfolios with many signatures, safe storage and 2-legged authentication.
- market demand : significant demand for your cryptocurrency on the market is crucial; Without sufficient percentage of buyers, there will be no reason to replace it.
- Technical capabilities : Your replacement platform must have solid technical capabilities, including support for many cryptocurrencies, safe transaction processing and quick settlement times.
- Talent pool : You need a talented team of programmers, marketers and customer service experts who can help you move around the auction process.
List process
When your cryptocurrency meets the above criteria, you can initiate the list process with the selected exchange. Here are some general steps that must be followed:
- Application : Report an application for a list on the stock exchange, which usually includes providing documentation, such as business licenses, regulatory approval and technical specifications.
- Technical review : Replacement will be carried out by a technical review of the cryptocurrency code, portfolio software and other technical components.
- Security audits : A security audit can be carried out to verify security measures for customer funds.
- Adjusting permit : Depending on the jurisdiction, it may be necessary to obtain a regulatory permit before the exchange list.
additional considerations
In addition to meeting the above criteria and after the process, several other factors should be taken into account:
- Market structure : Exchange market structure will play a significant role in determining the success of cryptocurrency. A well -designed market structure with adequate liquidity, low trading and competitive fees can help increase the visibility of cryptocurrency.
- Marketing strategy : You will need a solid marketing strategy to attract buyers to your cryptocurrency. This may include the creation of marketing materials, building online presence and participation in appropriate internet communities.
- Customer service : Ensuring excellent customer service is crucial for attracting and stopping users.
will be a licensed company MSB/Money Service (MSB)
If you want to become a licensed MSB or cash service, consider the following:
- Research of local regulations : Familiarize yourself with local regulations regarding cash services, such as the Bank Secretation Act (BSA) and money prevention (AML).
2.
- they meet the eligibility criteria : Make sure you meet the eligibility criteria for MSB, which may include additional requirements, such as reporting income and maintaining a minimum level of customer account activity.