The CEO of the OKX crypto exchange named the reason for the refusal to list memcoins
The CEO of the OKX crypto exchange explained the reason for the refusal to place meme cryptocurrencies for trading, despite the hype around such tokens. The statement was a response to a request from a participant in the Electra protocol to start listing XEP tokens.
Star Xu said that the task of the OKX team is to find valuable utility tokens for customers themselves at an early stage. Each token placed on the exchange undergoes a thorough study — analysts monitor the performance of the coin for a long time.
"We do not accept token presentations for listing. We are independently researching crypto projects, and our listing committee will make independent decisions, without any external influence. If you continue to send information about tokens to OKX team members, it still won't help. So please stop," Xu wrote in X.
The founder and CEO of CryptoQuant, Ki Young Ju, expressed his concern about the memcoin rally. This type of digital assets only harms the crypto industry, the businessman is sure.
"It is sad to see that billions of dollars worth of memcoins are overshadowed by hardworking teams that create high-quality products for the development of the industry. Easy money does not contribute to progress, as the ICO boom in 2018 showed," Ki Yong Joo complained.
Source: https://bits.media/gendirektor-kriptobirzhi-okx-nazval-prichinu-otkaza-ot-listinga-memkoinov/
