Bitget Revises Token Listing Policies, Adds Compulsory Legal and Team Checks

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Crypto exchange Bitget is implementing stricter standards for token listings to safeguard users from exit scam projects, it said Thursday.

Every blockchain project aiming to list its token on Bitget will undergo a thorough legal and technical review.

“Projects looking to list a token on Bitget must undergo a rigorous legal and technical review to assess its code quality, security measures, and regulatory compliance, in accordance with Bitget’s listing criteria,” said Hon Ng, Bitget’s chief legal officer. “This is an important step to protect our users from projects with high risks.”

Bitget is strengthening its token evaluation process with updated protocols and stricter criteria. The exchange will focus on tokenomics, analyzing token supply, distribution, utility and the development team’s experience.

For new projects, the evaluation starts with analyzing the fully diluted valuation (FDV). The FDV should align with the amount raised, typically not exceeding 20 times the financing. For example, if a project raises $5m, its FDV should be under $100m to prevent misleading valuations.

Bitget will also examine previous funding rounds to identify potential risks. Projects backed by well-known institutions are more likely to meet Bitget’s standards. Those with less reputable backers will face extra scrutiny. Additionally, the token unlock schedule is reviewed; a short unlock period may indicate a lack of long-term commitment and could lead to early sell pressure.

For tokens already in circulation, Bitget analyzes on-chain data to assess economic health and trading activity. A significant gap between