WadzPay announced that it would make 2 tier-1 listings in July 2024 for WTK.
WTK enthusiasts debate over which tier-1 crypto exchange will qualify.
The discussion marks Binance as the only possible candidate to meet WTK requirements.
July seems to be a bullish month for many crypto assets from Bitcoin to altcoins. One of the most bullish assets this month is WadzPay (WTK), this is mainly due to the announcement that 2 tier-1 listings will be announced in July for WTK.
As many WadzPay enthusiasts and crypto analysts debate which tier-1 analysts will qualify to list WTK, the conversation shifts to what makes an exchange a tier11 crypto exchange. On this matter several crypto enthusiasts and WTK holders begin to discuss which existing crypto exchange would meet WadzPay’s standard of a tier-1 crypto exchange.
$WTK Tier1 Candidates On top of @okx I do not forget that there are 2 TIER-1 exchanges planned this month. @okx is a good candidate but not the only one.So what about the other ones and which could the right one ?Indded, predicting which specific Tier 1… https://t.co/iyo7elvPis
— Spartan Steeve (@Spartan_Steeve) July 9, 2024
As we can see from the post above, one user presents possibly WTK tier-1 listing candidates. In this user’s eyes the two tier-1 exchanges could be any among 4 options. These candidates are OKX, Coinbase, Kraken, and Binance.
The reason this user singles out these specific crypto exchanges is because they meet certain criteria. To explain, the user mentions how the selected exchange must meet WadzPay’s needs which is a VARA compliance.
Thus, they need to list on a crypto exchange with strong focus on compliance and adherence to regulations. On top of this, these exchanges must also have a global reach. Adding to this list is another user who says that the exchange must have an instant AED banking rail available to satisfy WadzPay’s Dubai clients.
1 – It must be a fully regulated exchange with instant AED banking rails available (on & off ramp) for #WadzPay's Dubai clients when WPC goes live (DDF and a few others…).2 – Only two exchanges fit the criteria, and only one is Tier 13 – Three Tier1 exchanges have a VARA…
— Yohan (@JustYohan) July 10, 2024
The user goes on to narrow possible candidates saying only two exchanges fit the above criteria of an AED rail. More so, out of the two, only one in a tier-1 exchange in their eyes. He narrows down again saying three tier-1 exchanges have a VARA license, two have an active license, and only one has AED banking rails.
Finally, this user says that the only real option is Binance. This is because Binance is the only tier-1 crypto exchange that is offering an instant AED banking rail making it the ideal option for WadzPay’s (WTK) tier-1 listing partner.
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The post WadzPay Enthusiasts Debate Which Tier-1 Crypto Exchange Can Meet WTK’s Listing Criteria, Binance Dominates appeared first on Crypto News Land.