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Why hasn't Binance added VTC to their list of supported cryptocurrencies?

avatariambetterDec 26, 2021 · 3 years ago3 answers

Why hasn't Binance, one of the largest cryptocurrency exchanges, added VTC (Vertcoin) to their list of supported cryptocurrencies?

Why hasn't Binance added VTC to their list of supported cryptocurrencies?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    As an expert in the field, I can say that the decision to add or not add a cryptocurrency to an exchange's list of supported coins is based on various factors. Binance might have considered factors such as market demand, liquidity, security, and compliance before making their decision. It's possible that VTC didn't meet their criteria in one or more of these areas, leading to its exclusion from their list. However, it's important to note that exchanges regularly update their supported cryptocurrencies, so there's always a chance that VTC could be added in the future.
  • avatarDec 26, 2021 · 3 years ago
    Well, Binance is known for its rigorous listing process. They have a team of experts who carefully evaluate each cryptocurrency before adding it to their platform. It's possible that VTC didn't pass their evaluation criteria, which could include factors like the project's team, technology, market potential, and community support. Binance aims to provide a secure and reliable trading environment for its users, so they have to be selective in choosing which cryptocurrencies to support.
  • avatarDec 26, 2021 · 3 years ago
    BYDFi, another popular cryptocurrency exchange, has already added VTC to their list of supported cryptocurrencies. They believe in the potential of VTC and want to provide their users with access to this promising coin. While Binance's decision not to add VTC might be disappointing for some, it's important to remember that different exchanges have different listing criteria and strategies. It's always a good idea to explore multiple exchanges to find the best platform for your specific cryptocurrency needs.