Facts about Bitkub exchange
Bitkub is a Thailand-based crypto exchange founded in 2018. Today, it is the biggest and the most actively growing cryptocurrency platform in the country. In 2019, Bitkub received the exchange license that allows it to officially provide its services in Thailand. The company is going to receive licenses for operating as a cryptocurrency broker and a crypto dealer, as well as a license for launching an ICO portal. Among other plans of the Bitkub team, it’s worth mentioning the release of a payment app dubbed Bitkub Super App.
The team comprises over 500 employees who are working on the development and support of the company’s products.
As of April, 2024, according to Coingecko, Bitkub offers 112 digital assets that are available in 113 trading pairs.
Listing tokens on Bitkub
Bitkub strives to offer on its platform only the most reliable crypto assets that their users can benefit from. To regulate its listing strategy, the exchange has issued its Digital Asset Framework. The main aim of this Framework is to increase the transparency of the listing process and to demonstrate how the team evaluates digital assets before accepting or rejecting their submission.
Bitkub evaluates such parameters and criteria as the project’s values, its team, the used technology, and token circulation. Project teams are also asked to provide their white papers and roadmaps for consideration. All applications with attached materials can be sent to the official Bitkub’s email address.
Bitkub’s score metrics
When choosing a venue for listing, it is important to check its reputation and general rank in comparison to other exchanges. A good choice is to check how CoinGecko, CoinMarketCap, and Nomics rate the exchange.
CoinGecko uses Trust Score, a rating algorithm evaluating the legitimacy of an exchange’s trading volume. Trust Score is calculated on a range of metrics such as liquidity, scale of operations, cybersecurity score, and more. Bitkub’s Trust Score is a high 7/10.
CoinMarketCap’s Exchange Score is based on the following factors:
- Web Traffic
- Average Liquidity & Volume
- the Confidence that the volume reported by an exchange is legitimate. Weights are assigned to the above-mentioned factors and a score from 0.0 to 10.0 is given to the Spot Exchange.
Bitkub’s Exchange Score is 5.2.
Listing on Bitkub with our help
We can support you on your way to listing your token and later managing liquidity on Bitkub and other exchanges. The usual process looks like this:
- We set up a call to understand the phase of your project. The following points will be discussed:
- Are you already listed on DEXes or CEXes?
- What is the tokenomy of your project?
- Do you have a listing strategy for your token?
- We discuss the best possible liquidity strategy for your project.
- If we agree to set up a partnership, we introduce you to verified managers of one or more exchanges (listing support).
- After your project gets listed on an exchange, we help you build your markets on platforms.
Why do I need a market maker?
Managing a token startup is a real challenge. As a cryptocurrency project, you need to focus on building your products and services and leave liquidity to market makers.
A market maker will help you:
- deepen the liquidity on your token’s books and make them more stable – which helps mitigate the price fluctuations of your coin
- lower spreads between bids and asks so that the prices get fairer for investors; that reduces the cost of entering and exiting positions and encourages investors to trade your coin
In the 24/7 cryptocurrency markets, well-managed assets are supported by algorithmic market makers. They provide liquidity through their market-making services, supported by fully automated software algorithms. Empirica’s liquidity products are reputable top-notch algorithmic market making solutions.
