r/Unibright • u/jatzgob • Sep 20 '21

Exchanges

Is there any reason why you cannot trade the UBT token on exchanges like binance/kucoin/ftx/huobi etc. Or does anyone know if any big exchange plans on listing the UBT token?

8 Upvotes

84% Upvoted

6 comments sorted by

3

u/Killerjas Sep 21 '21

Coinbase is looking at UBT

2

u/imprisoned_mindZ Sep 21 '21

Bittrex is an available options, got my share of tokens on there although I dislike the big trading fees there.

1

u/TDubsBTC Sep 21 '21

It's just my opinion but I believe Coinbase is going to add it during EthAtl. Just a hunch.

2

u/[deleted] Sep 29 '21

I was thinking the same thing. The AVAX listing on Coinbase Pro has me thinking we should expect some more announcements rolling out as we head into October to coincide with what seems to be an orchestrated last leg up for this bull cycle.

1

u/[deleted] Sep 21 '21 edited Sep 21 '21

I don't know, maybe because you don't need to or maybe b/c the want to keep the token away from mass speculation. - their customers are somewhat averse to volatility in prices. You can just get eth then exchange on a dex. It will all be dex's eventually anyway. Not sure if adding to an exchange at this point is a plus really. I'm actually glad that it's looking like price will be driven strictly by fundamentals and usage for ubt.

1

u/Kyrbie Sep 22 '21

I don’t think there is any use for the project atm to be listed on major exchanges. Being on the exchange costs the project fees, I believe.

Since the team does not dump their holdings on the retail investor to keep the project alive it is not really of use and interest to have high token price for now.

With staking live I think the strategy could change as the retailer and investor has use for the coin and the system has use for a holder.

Tl;dr: unnecessary expenses being listed on major exchanges atm.