Episode 48 of Season 5 of The Scoop was recorded with The Block's Frank Chaparro and Tron Founder Justin Sun.
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.
CleanSpark (NASDAQ: CLSK) is America’s Bitcoin Miner™. Visit cleanspark.com/theblock to learn more about the CleanSpark way.
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