Over the last few months, we’ve spoken to all of the major marketplaces regarding the possibility of listing our SRN Token. As we continue to progress through this process, we want to give our community, and the crypto community at-large, some firsthand behind-the-scenes insight regarding some of the issues at play.

It seems that there is a sentiment amongst a large number of crypto enthusiasts (or at the very least, a loud minority) that since cryptocurrencies are unregulated, companies have free range to do whatever they’d like in order to be listed. Some think that the only thing companies need to do is pay a fee, and then the token is listed. This could not be further from the truth.

Firstly, although cryptocurrencies themselves are largely free from regulations, more and more governments and regulatory bodies alike are creating qualifications that both individuals and companies need to achieve and abide by in order for them to legally operate within the world of cryptocurrency. This creates an incredibly complicated dynamic, since ultimately the choice that each individual or company needs to make is either abide by the rules, or risk being alienated by some of the largest countries and economies in the world.

The other side to the equation is regarding the marketplaces themselves. Each marketplace, is business as well, and in order for them to be successful within their field, they need to follow a strict set of parameters prior to listing a token or coin. These marketplaces rely on being a trusted resource, which is one of the main reasons why so many people use the top 5 exchanges. A worst-case scenario for these marketplaces, is losing the trust of their customers, and one way to do that is by listing less than reputable tokens. What this means, in practical terms, is that every coin listed on their platforms goes through an intense vetting process over a number of weeks or months, to ensure their validity and reliability.

As of the writing of this post, the top 5 exchanges hold over 8.5 billion USD-worth of daily volume, daily. In a 30-day month, that is just shy of 390 billion UDS of potentially commissionable transactions. These are serious businesses run by serious people. They are not ‘chomping at the bit’ to list any token or coin due to the potential disastrous result should they misstep. They are doing their due diligence to ensure they do not, in error, put their reliability into question. This is the same thing that every responsible company does, no matter how frustrating it might be to see from the outside.

After having spoken with countless reputable crypto projects, we can assure the community that the vast majority are going through the same, slow-moving and tedious process. The process is not glamorous, but it’s necessary, and we at SIRIN LABS want to help the community at-large understand some of the minutia at play when looking at an issue like this.

Our vision and goal has always been to bring crypto into the mainstream, and we believe that in order to accomplish this challenging task, we need to be a resource for the entire crypto community, new and experienced alike. This is why we’re always excited to be able to bring you all insight into processes like this one, so that you’re able to better understand all aspects of crypto, from top to bottom.

With that said, we’ll also have some exciting news on this topic in the coming months 😊