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Does anyone know why exchanges list sh!tcoins before legit projects?

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by COINS NEWS 157 Views

I’m active on crypto Twitter and follow most of the tier 1/2 exchanges. So often I see them announce new listings, most of which are meme and absolute trash coins while leaving legitimate projects off. I’m just wondering if you guys knew why that is? My guess is that the shitcoins offer the exchanges money? Other than that I’m really confused. You would think that exchanges want to avoid having rug projects on their platform.

What inspired this post was that Huobi listed a coin that’s ticker is literally $SHIT lol. My favourite project which has a somewhat low marketcap is still trying to get on tier 1 exchanges (I won’t name the project don’t wanna be accused of shilling) and yet coins like that easily get listed.

PS my favourite project is a Layer 1 smart contract platform that is PoW but has privacy capabilities, it’s own stablecoin and oracles:) maybe you can guess haha!

submitted by /u/SkepticalCryptoDude
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