Huobi Group, one of the largest cryptocurrency exchanges in the world by 24-hour trade volume, has streamlined the process new token projects applying to list on the exchange must undergo, with a new product called Huobi Automated Listing Platform.
The new platform, which was announced in a press release earlier in August, aims to “help project teams list their tokens more efficiently and quickly” whilst also making the listing process “more transparent” to users.
Initial coin offering (ICO) projects and new tokens that want to be listed on Huobi Global or Huobi HADAX must register on the new platform and submit all required documentation. If the project passes the verification process, “applicants will receive a unique login account, which provides access to submit, edit, amend, and review documents and status of the token listing.”
Applicants that pass the verification process will also gain the added perk of access to Huobi’s Blockchain Project Show Center via the Huobi Automated Listing Platform. The Blockchain Project Show Center is set to provide users with access to reports, videos, and live broadcasts when it launches at an unspecified later date.
However, if the project fails the verification process, its team will have a chance to re-apply on HADAX 2.0 after it launches. Huobi staff will assist the team in the new application process.
In June, Huobi’s HB10 cryptocurrency market index, a benchmark that tracks the ten biggest crypto projects, was added to the Bloomberg terminal.