Crypto exchanges charge an unreasonably high fee for listing tokens on their platforms. This is reported by Business Insider with reference to numerous statements of market participants.
In particular, sources note that the lower price limit for ICO on the exchange is $ 50,000, but it can reach $ 1 million, depending on the size of the trading platform. Nevertheless, they do not call specific crypto-instruments, so as not to harm further cooperation with them.
Basically there are a lot of people who want their coins listed. The exchanges are where the liquidity is - it's where the money is - so that's where the power is just at the moment.
Partner, venture capital firm Mangrove Partners
In turn, the head of the consulting company Swiss Fintech, Oliver Bussman, notes that paying $ 1 million for the listing is very unfair, because a high-quality ICO organization already requires a large amount of expenses. But along with this he recognizes that it is the exchanges that often determine the success or failure of the project.
If you prepare for an ICO, you have to prepare for a listing. It's important to get access to liquidity. That means the bigger the exchange is, the more effort and also more cost to get listed.
Head, Swiss Fintech
902 ICO projects of 2017 presented on the Tokendata service, 142 of them failed before the fundraising, and 276 closed after the funding was received. Thus, 46% of the ICO conducted in 2017 failed, although they were able to attract more than $ 104 million.