Bitget Announces Updated Coin Up Criteria, Strengthens Token Review Process

On October 10th, Bitget announced that it has updated its listing criteria to further strengthen its token review process. All projects to be listed must pass a rigorous and comprehensive evaluation, focusing on the token economic model, token supply and distribution, utility, and the background and qualifications of the development team. In addition, Bitget requires projects to submit detailed business plans and roadmaps. This series of measures aims to enhance the transparency and trust of the platform, protect the interests of users, and prevent related risks.

For newly listed projects, Bitget will focus on assessing the fully diluted valuation (FDV), financing background, token unlocking schedule, as well as financial, security, compliance, political and moral risks; for tokens already in circulation, the review will focus on the analysis of on-chain data and the comparison between the 24-hour trading volume and the FDV; and for tokens already listed on other exchanges, the review will focus on the security of smart contracts and the distribution of tokens. For tokens already listed on other exchanges, the review will focus on smart contract security and token distribution.

Hon Ng, Bitget's Chief Legal Officer, emphasized, “Any project that intends to list on Bitget must undergo a rigorous legal and technical review to ensure that the quality of the code, security, and compliance meet Bitget's listing standards. We are doing this to better protect our users and avoid high-risk projects, and projects that do not meet the standards will not be able to be listed on the platform.”

Gracy Chen, CEO of Bitget, said, “Our goal is to create a secure and trusted trading environment. By enforcing these strict uploading standards, we are not only protecting our users, but also ensuring that the projects on Bitget have the potential for long-term growth. We are committed to further expanding the spot market in the coming years, and these strict standards are an important part of realizing that strategy. In addition to the pre-coin vetting process, we will also provide ongoing support for quality projects after they are listed to help them achieve long-term success.”

The update is part of Bitget's global strategy to enhance user security and strengthen platform compliance, contributing to the healthy growth of the crypto industry.