Exchanges Tier 1
Availability of the token on top-tier exchanges, sign of credibility and reach.
Checks if the token is listed on top-tier exchanges, known as “Tier 1,” such as Binance, Coinbase, Kraken, etc.
A Tier 1 listing brings visibility and liquidity.
When a cryptocurrency has very high 24-hour trading volumes and is not yet listed on certain Tier 1 exchanges, we can expect immediate buying pressure when its introduction on a Tier 1 exchange such as Binance or Coinbase is announced.
It is useful to check the project’s roadmap to see if they have planned any new listings in the near future.
Tier 1 exchanges do not accept cryptocurrencies that do not have a blockchain or whose blockchain does not function properly.
Source: coingecko.com
This metric is part of the Liquidity category