Bitget tightens token listing standards amid scam concerns

The new token listing requirements include reviewing lock-up periods, business plans, token distributions, and team background checks.

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Crypto exchange Bitget has announced an overhaul of its token listing requirements, introducing tighter criteria that now mandate a detailed review of projects’ business plans and developers’ background checks.

According to an Oct. 10 announcement, the new listing requirements stipulate compliance with several factors, such as fully diluted valuation (FDV), past development and investment records, a detailed business plan, lock-up periods, a token distribution plan, and social media activity, among other indicators. 

Bitget is based in the Seychelles and is one of the largest crypto exchanges by trading volume. According to data from CoinMarketCap and DefiLlama, it holds over $3.4 billion in user assets, with more than $1.5 billion in trading volume over the past 24 hours. 

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