What Crpko looks at when a project asks to have its token traded here, what a review involves, and how to apply. Written for the issuer, not the trader.

Apply

Applying for
The token

Stage 1 of 3. Everything you type is kept as you move between them.

What you can apply for

  • Spot pairThe token traded against a quote asset, settled in the two assets themselves.
  • Perpetual futuresA contract tracking the token price with no expiry date, settled in the quote asset.

Either, or both. They are reviewed differently: a perpetual contract needs a reference price that is hard to push around, which is a question about the wider market rather than about your token.

What a review looks at

Grouped the way a reviewer reads them. Most of it is work you have either done or not, which means this doubles as a checklist for whether it is worth applying yet.

  • The project

    • A team that can be identified and reached, and a named person who can sign for the issuer.
    • Something working, or a public path to it that has been kept to so far.
    • Development that is visibly continuing rather than finished at launch.

  • The token

    • What the token is for, in terms a reader outside the project would follow.
    • Total supply, allocation and the unlock calendar, published rather than described.
    • Contracts verified on a public explorer, with the addresses for every chain it lives on.

  • The market

    • Liquidity that exists already, and the venues carrying it.
    • Holdings spread widely enough that a handful of wallets do not set the price.
    • Interest from the people who already trade here, which is the part we can see for ourselves.

  • Security

    • An audit by a third party, with the findings and what was done about them.
    • Custody, bridge and upgrade arrangements written down, including who holds the keys.
    • A route for reporting a vulnerability that reaches somebody who can act on it.

  • Legal

    • A view on how the token is treated in the places Crpko serves, from someone qualified to give one.
    • No exposure to sanctions programmes, on the issuer or the people behind it.
    • An issuer able to enter into a listing agreement and stand behind what it says here.

How a review runs

Named stages, with no time attached to any of them. A turnaround figure is a promise, and we would rather tell you nothing than tell you a number to plan a launch around.

  1. 1
    ReceivedWe confirm the application arrived and tell you if something obvious is missing.
  2. 2
    First readThe application against the criteria above. Most that go no further stop here.
  3. 3
    DiligenceDocuments, audits and the legal position, checked rather than taken as read.
  4. 4
    Market and riskHow the instrument would behave here: the pair, the parameters, and what it would take to run it safely.
  5. 5
    DecisionListed, declined, or held with a reason. You hear either way.
  6. 6
    AnnouncementPublished before trading opens, so nobody is trading it before the market knows it exists.

Before anyone pays anyone

Projects get approached constantly by people offering to arrange a listing, and the approach is convincing precisely because a real listing conversation looks similar. One address is published for this, and it is abdullah@crpko.com. If a message, an account or an invoice claims to be us, check it against the official channels before you reply to it, and certainly before you send anything.

Questions

Crpko has not published a listing fee schedule, so this page is not going to quote you one. What matters more: if somebody approaches you asking for payment to arrange a listing, treat that as a claim to be checked rather than a price, and check it against the official channels page before any money moves.

We do not publish a turnaround time. A project that plans a launch around a number we invented would have been misled by us, so the stages above are named without one attached, and you hear the outcome either way.

Yes. The form asks which you are applying for and you can pick either, or both. They are reviewed differently: a perpetual contract needs a reference price it cannot easily be pushed around on, which is a question about the wider market rather than about your token.

Yes, when something material has changed. Reapplying with the same application and a later date does not give a reviewer anything new to read.

The issuer, or somebody the issuer has authorised. The form asks for your role and whether you can sign, because an application from an enthusiastic holder is not one we can act on.

Not automatically. Instruments are reviewed again, and delisted when the reasons for carrying them stop holding. That is worth knowing before you build a launch around one.

The criteria and the review stages on this page are illustrative. Crpko has not published a listing policy, and nothing above is one. The address to write to is real, and so is this: applying obliges us to nothing, and a listing can be reviewed again later.