Crypto exchange Bitget and Nansen Research collaborated to help exchanges evaluate potential of a cryptocurrency depending on the token cycle.
The cryptocurrency industry includes a wide number of diverse crypto assets and tokens, which puts pressure on centralized exchanges (CEX) in terms of choosing the right coin for listings.
According to data from CoinGecko, the crypto market features roughly 15,000 cryptocurrencies, including coins like Bitcoin (BTC), stablecoins like Tether (USDT), exchange tokens, memecoins and others.
Out of this amount, global exchanges like Binance only list about 2.5% of tokens, as Binance lists 378 cryptocurrencies on its platform at the time of writing, according to Coinranking data.
