Justin Sun wants to revitalize Huobi and Poloniex with memecoins

Quick Take

In this episode, Justin Sun talks through Huobi’s and Poloniex’s procedures for listing new memecoins, and argues that Binance’s high listing standards offer opportunities for smaller exchanges to grow.

Episode 48 of Season 5 of The Scoop was recorded with The Block's Frank Chaparro and Tron Founder Justin Sun.

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In this episode, Justin Sun reveals Huobi's and Poloniex's procedure for listing new memecoins and explains why the crypto market has grown too big for any single exchange to service effectively.

Sun claims that Binance may be the biggest exchange by market share, but it is not the best venue for trading smaller memecoins:

"Binance these days has a very high standard of listing crypto assets. [A coin] needs to be at least $100 million or even $1 billion to get listed on Binance in the first place. So that's why I think this leaves a very big room for other exchanges to grow."

Justin Sun himself recently announced on Twitter that he would start trading memecoins for "fun."

During this episode, Chaparro and Sun also discuss:

What Justin Sun personally looks for in memecoins
Huobi's and Poloniex's revenue sources
The global crypto regulatory environment

This episode is brought to you by our sponsor CleanSpark.

About CleanSpark

CleanSpark (NASDAQ: CLSK) is America’s Bitcoin Miner™. Visit cleanspark.com/theblock to learn more about the CleanSpark way.