Kraken updates cryptocurrency listing process
Kraken updates cryptocurrency listing process
Cryptocurrency exchange Kraken has announced significant improvements to its asset listing process to increase efficiency and transparency in the crypto community.
The launch of a new listing process and simplified team application form is a strategic move aimed at streamlining the launch of new crypto project listings on Kraken.
The updated listing process is designed to make it easier for project teams to effectively present the key features of their projects. By clearly articulating key features and value propositions, teams will now be able to better position their projects for consideration by Kraken's Listing Committee.
"Simplifying the listing process and providing insight into the decision-making process is an important part of Kraken's mission to accelerate the global adoption of cryptocurrencies," said Kraken.
The new announcements page not only serves to notify teams looking to list, but also allows the crypto community to get an idea of what assets Kraken plans to support on its platform.
Improvements include:
- Real information. Kraken's new listing page serves as the definitive guide to all listing-related information.
- Increased transparency. The listing roadmap is now publicly available and shows assets that have been thoroughly vetted by the Listing Committee and are slated for listing.
- Simplified application form. The redesigned application form is now more user-friendly, allowing teams to submit their applications efficiently.
For teams looking to list, Kraken advises them to include in their application a detailed description of the project, an introduction to the management team, comprehensive information about the tokens, and the utility of the token. In addition, they should provide links to publicly available documentation and on-chain growth metrics that reflect the quality and development of the project.
Kraken emphasizes that submitting an application does not guarantee acceptance into the program. The evaluation process is very rigorous, and maintaining high standards of communication and presentation is critical. Incorrect metrics, informal communication, or pressure to update can negatively impact a project's chances.
With these changes, Kraken reaffirms its commitment to innovation, community engagement, and transparency. The simplified process not only benefits project teams by making the application process more accessible, but also empowers customers and the entire crypto community by providing more information about upcoming asset backing.
Kraken invites crypto projects from around the world to take advantage of this streamlined process to showcase their potential and begin the journey to listing.
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