Every person who came into the world of cryptocurrencies has heard about listing more than once, and many experienced traders are concerned about this event. Listing is associated with something pleasant where one sees an opportunity to make money, but also in the aftermath most may experience otherwise.
Therefore, in this article I would like to analyze with you the main points of cryptocurrency listing, where everyone will make a conclusion about the usefulness of this procedure.
What is listing?
Listing is the process of adding a cryptocurrency to an exchange for traders, investors of this or that cryptocurrency to access the trading instrument. The crypto market is evolving every day and the number of cryptocurrencies is growing before our eyes and the first thing creators face is competition. Listing helps a project get more attention from both investors and holders. Also the liquidity of token increases and the more sites listed the project, the higher the credibility, further success and respectively the capitalization through which the project will develop increasing the value of its asset.
The effects of a listing on crypto
Often before a listing on a major exchange, the price begins to react not at the time of trading, but when news of the listing appears.
We will now take you through an example of how this works:
Let's break down a funny situation as news of XRP's listing on Coinbase Pro came out on Twitter. On September 10, the popular Twitter account Whalebot Executive posted a message about an XRP listing on Coinbase Pro but then deleted it after denying it was factually incorrect. The situation is amusing, of course, but we only look at how the listing affects crypto.
So that was the reaction to the listing news and its rebuttal. This situation looks more like manipulation, there are plenty of such examples, but this one once again confirms how the news about the listing works, as well as the reaction about bad news. The cryptocurrency market is a high-risk and very manipulative type of trade remember that.
