Bitget Strengthens Token Listing Standards Enforces Legal and Team Review Mandates
Leading global cryptocurrency exchange and Web3 company Bitget has launched stricter token listing standards aimed at protecting users from the increasing number of scams. Before any blockchain project can list tokens on Bitget, it must undergo a comprehensive legal review to verify the quality, security, and compliance of its code, in line with Bitget’s strategy.
Bitget’s Chief Legal Officer, Hon Ng, emphasized that “projects seeking to list tokens on Bitget must undergo rigorous legal and technical scrutiny to assess their code quality, security measures, and regulatory compliance. This is an important step in protecting users from high-risk projects. Projects that do not meet the standards will not be listed on Bitget.”
These measures are expected to enhance the user experience and protection on Bitget while also considering the platform’s need for flexibility and innovation. This process will help young cryptocurrency companies better understand how to conduct business operations in their respective countries. “Ultimately, these requirements help projects move forward with confidence and expand their communities more effectively. These listing requirements are an integral part of the token listing process on Bitget,” added Hon Ng.
Additionally, Bitget is strengthening the requirements for token evaluation processes by introducing new protocols and stricter standards. This includes a focus on token economics, such as detailed analysis of token supply, distribution, utility, and the experience and qualifications of the development team. For initial projects, the evaluation starts with the project’s Fully Diluted Valuation (FDV), which measures the potential value of the total token supply. The FDV should be consistent with the fundraising amount and generally should not exceed 20 times the amount raised. For example, a project raising $5 million should have an FDV below $100 million, ensuring that the valuation does not mislead investors.
Projects will undergo rigorous evaluation based on their previous funding rounds, which helps identify potential risks related to fund management and use. Projects with support from reputable institutions are more likely to pass Bitget’s strict standards, while those with unknown or suspicious supporters will face additional due diligence. Bitget also carefully examines token unlocking schedules, as rapid or short-term unlocking (usually less than two years) may indicate a lack of long-term commitment by the project team and may jeopardize token stability.
For already circulating tokens, Bitget analyzes on-chain data to assess the economic health and trading activities of the tokens. A key comparison is the gap between trading volume and FDV. If the FDV exceeds $10 million and the 24-hour trading volume is below $1 million, it may indicate overvaluation. Such discrepancies may imply price manipulation or a lack of organic demand, thus requiring stricter evaluation.
For tokens already listed on other exchanges, Bitget evaluates smart contract security and token distribution. High-risk indicators, such as trading suspensions or issuers being able to change balances, are considered warnings. Projects with highly concentrated token distribution, such as the team holding more than 50% or the issuer holding more than 20%, are considered higher-risk projects. Bitget leverages blockchain explorers to uncover the true distribution pattern, exposing those attempting to present false decentralized supply plans. For example, the Simpson-themed token in 2024 attempted to disguise its centralized control by dispersing holdings across multiple addresses, but analysis revealed this fact, leading to its rejection for listing.
Another key criterion is the project’s community engagement, including participation on social media and online reputation. Team members are also checked for any association with fraud, investor deception, or illegal activities. Bitget ensures that potential listing projects undergo strict checks to exclude high-risk assets. When evaluating initial projects, financial, security, compliance, political, and ethical risks are considered. This comprehensive review is crucial for detecting Ponzi schemes or projects with a history of unethical behavior, such as fundraising scams. Smart contract security, liquidity pool security, and concentration of holdings are thoroughly reviewed. Even with significant token hype, Bitget will reject projects for listing if founders are found to be involved in lawsuits or compliance risks.
Furthermore, Bitget will require projects to provide detailed business plans and roadmaps to reduce the risk of listing short-lived projects and scams. These measures are purely aimed at enhancing transparency, trust, and protecting the interests of exchange users, while also mitigating potential risks associated with unreliable tokens.
Hon Ng, Bitget’s Chief Legal Officer, added, “Our KYC and AML procedures are very strict. Users put in considerable effort to complete KYC verification during registration, and we appreciate that. We are committed to protecting their assets, and users can expect projects to meet the same standards. Strengthening control over new projects displayed and tradable on the exchange aims to enhance the quality of our platform. These controls will reduce the risk of fraudulent tokens. At the same time, we encourage all users to seek independent financial advice before investing.”
Popular or promising blockchain projects that have demand for their tokens among global users can receive free listing opportunities. In other cases, token listings may be conducted through commercial arrangements but still require passing all standard checks.
Gracy Chen, CEO of Bitget and person in charge of the exchange’s listing strategy, emphasized, “Our goal is to create a secure and reliable trading environment. By implementing these strict standards, we not only protect users but also ensure that projects listed on Bitget are robust and have long-term potential. We are committed to expanding the spot market in the coming years, and these new listing standards are an important part of that strategy. Additionally, our commitment does not end with the listing process. We actively support projects in implementing their marketing plans and successfully launching their tokens.”
All these innovative measures are part of Bitget’s global strategy, aimed at strengthening its position in the global market by complying with global regulatory requirements, collaborating with regulatory authorities and financial leaders, and obtaining necessary licenses and registrations.
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