How are you all? I hope everyone is doing well, today I will talk about a very important topic, The topic is why different exchanges do not create unlimited new cryptos and launch them in the market, Because we all know that exchanges can list any coin in their market if they want, and make that coin tradable, They can even move a coin from the bottom up, But why do they keep their native one, why don't they create new cryptos and launch them in the market if they want, So before going to the main topic, let's start with an incident, A few months ago, Bitget launched a separate coin market for its own decentralized wallet called Bitget Wallet Token (BWB). A few days ago, they announced that they will no longer keep this token in their wallet, they will merge this token,

Image collect Pixabay

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They will convert BWB to BGB,
And suddenly there is a huge pump in the BGB token Yes, because the investment of two tokens has merged into one, those who had BWB token holdings automatically merged according to the market price,
Now the question is why do they close the token in their wallet?
Usually we all know that each sector has only one coin. In addition, if an exchange or a crypto sector constantly creates new coins, then at some point their main coin will not have much hype,
Because they cannot take care of so many coins,
For example, if Binance brings more coins to the market except BNB, then at some point it will be seen that the investors of the coin they have will start decreasing,

Image collect Pixabay

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Because investors will go to the other coins they have except BNB, it will be seen that their main coin will start to slowly come down,
In this they will not get much success in any coin, basically for this reason everyone wants to have their own coin, and it will perform very well and will go up a lot in the future, so they constantly bring new updates to take this coin up and even try to increase various use cases,
But they don't create new coins but they partner with different projects to bring new tokens.

So I'm ending here today, everyone, be well, Allah Hafez