Crypto exchanges are charging up to $1 million per ICO to list tokens: ‘It’s pure capitalism’

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Cryptocurrency exchanges are charging between $50,000 and $1 million to list initial coin offerings, according to a Business Insider investigation.

“The exchanges are where the liquidity is — it’s where the money is — so that’s where the power is just at the moment,” Michael Jackson, a partner at venture capital firm Mangrove Partners, told BI.

Exchanges are dominant now but that may change with tougher regulations and more standardised business models.

Continue reading… “Crypto exchanges are charging up to $1 million per ICO to list tokens: ‘It’s pure capitalism’”

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