Ethereum

Uniswap

Chainlink

<div class="cryptonews">
 <p class="is-style-lead">Applicants seeking listing on HashKey Exchange must pay an application fee of $10,000 to enter the token review process.</p>
 <p>Hong Kong crypto firm HashKey Group has unveiled a listing policy for those interested in bringing their cryptos to the Asian region. In a support page announcement, HashKey said applicants seeking to roll out their tokens on the platform would have to pay a $10,000 review fee.</p>
 <p>The company noted the application fee is “non-refundable,” adding that payment of the application fee “does not guarantee a successful listing on HashKey Exchange.” In addition to the review fee, applicants must pay a “one-time listing fee” ranging between $50,000 to $300,000 before officially listing on HashKey Exchange.</p>
 <p>As per the firm, the <a rel="noopener noreferrer nofollow" title="listing" href="https://thebittimes.com/tag/listing.html">listing</a> fee is based on the “complexity, unique characteristics and transaction structure of the <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a>” and “expert opinion and the regulatory approval process.” It is unclear who will represent HashKey’s interests as an expert in the <a rel="noopener noreferrer nofollow" title="listing" href="https://thebittimes.com/tag/listing.html">listing</a> process.</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Kaiko reports exchange de-listings at an all-time high
 </div>
 <p>The Hong Kong-headquartered company noted that tokens can have different characteristics and functions, suggesting that non-ERC-20 or BEP-20 assets are likely to cost way more than those minted on the Ethereum (ETH) network or BNB Chain (formerly Binance Smart Chain).</p>
 <blockquote class="wp-block-quote">
  <p>“The more complex the token type, the more scrutiny and analysis the exchange will need to perform. This added complexity often results in additional work for exchange staff, legal experts and regulatory advisors, resulting in increased listing fees.”</p> <cite>HashKey Exchange</cite>
 </blockquote>
 <p>The exchange added that complex transaction structures, including governance models, will require in-depth <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> and evaluation, affecting the <a rel="noopener noreferrer nofollow" title="listing" href="https://thebittimes.com/tag/listing.html">listing</a> fee. HashKey noted it reserves the right to modify this policy, suggesting that the price range might change. As of press time, HashKey Exchange supports trading with more than six cryptocurrencies for professional investors, including Uniswap (UNI) and Chainlink (LINK).</p>
 <p>HashKey’s <a rel="noopener noreferrer nofollow" title="listing" href="https://thebittimes.com/tag/listing.html">listing</a> fee is similar to what other trading platforms asked a few years ago. For example, in a now-deleted blog post dated Feb. 7, 2019, Binance CEO Changpeng Zhao said that his company would charge “probably close to $100K US” to list a <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a> on Binance DEX, a decentralized crypto exchange.</p>
 <p>Centralized crypto exchanges have more liquidity than decentralized platforms, so top-tier crypto exchanges likely charge way above the $100,000 mark nowadays.</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Binance.US unveils new token listing policy, with SUI under evaluation
 </div> <span class="google-news-banner__label">Follow Us on Google News</span>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/hong-kong-s-hashkey-announces-10k-application-fee-for-token-listings-tbt70374.html">https://thebittimes.com/hong-kong-s-hashkey-announces-10k-application-fee-for-token-listings-tbt70374.html</a></p>

Hong Kong’s HashKey announces $10k application fee for token listings

TheBitTimes

Other articles published on Nov 15, 2023

When XRP Defied Expectations: Understanding the Nearly 300% Spike in Trading Volume

How to Buy Aragon Coin?

SEC rakes in $5b in 2023 fiscal year claims

Top 10 Questions About Crypto Casinos

BlockSec Launches Phalcon Block: The World's First Crypto Hack Blocking System for Web3 Security ...

As Economic Currents Shift, Bitcoin (BTC) And Ethereum (ETH) Locked In A Close Battle

Join our free newsletter for daily crypto updates!