Which exchange will Immutable (IMX) coin be listed on first?

Immutable X (IMX), an Ethereum-based NFT scaling solution, is expected to list on a centralized exchange (CEX) in 2023, with Binance, Coinbase, Huobi, and OKEx among the potential candidates.

Dec 07, 2024 at 02:30 pm

Which Exchange Will Immutable (IMX) Coin Be Listed on First?

Immutable X (IMX) is a layer-two scaling solution designed specifically for NFTs on the Ethereum blockchain. It allows users to mint, trade, and transfer NFTs with near-instant confirmation times and minimal gas fees. As a result, IMX has gained significant traction within the NFT community.

The launch of IMX on a centralized exchange (CEX) would provide greater accessibility and liquidity for the token. Several major CEXs are rumored to be in talks with Immutable X to list IMX, and the following are the most likely candidates:

1. Binance

Binance is the world's largest cryptocurrency exchange by trading volume. It offers a wide range of trading pairs, including many altcoins and tokens. Binance has a proven track record of listing new projects and supporting their growth.

2. Coinbase

Coinbase is one of the most trusted and well-established cryptocurrency exchanges in the United States. It has a reputation for security and regulatory compliance. Coinbase typically lists tokens that have met a high standard of due diligence.

3. Huobi

Huobi is a major cryptocurrency exchange headquartered in Singapore. It has a large user base in Asia and offers a variety of trading pairs, including many emerging altcoins. Huobi has been actively supporting the NFT market and is likely to list IMX.

4. OKEx

OKEx is a cryptocurrency exchange based in Malta. It is known for its advanced trading features and has a strong presence in the Asian market. OKEx has a history of supporting new projects and is expected to list IMX.

5. Bybit

Bybit is a cryptocurrency exchange that focuses on derivatives trading. It has a user-friendly interface and offers low trading fees. Bybit has been gaining popularity among traders and is a potential candidate for listing IMX.

Factors Influencing Exchange Selection

Immutable X will likely consider the following factors when selecting an exchange for its initial listing:

• Trading volume and liquidity
• Reputation and trustworthiness
• Regulatory compliance and security
• Customer support and user experience
• NFT integration and support
• Marketing and promotional opportunities

Timeline for Listing

The exact timeline for IMX's listing on a CEX is uncertain. However, it is likely to occur in 2023. Immutable X is currently focused on expanding its partnerships and developing its technology. Once the team is satisfied with the platform's maturity and stability, it will likely initiate the listing process.

Impact of Listing

The listing of IMX on a major CEX would be a significant milestone for the project. It would increase the accessibility and liquidity of the token, attracting new users and investors. The listing would also serve as a validation of Immutable X's technology and potential.

In addition to the major CEXs listed above, several other exchanges may also express interest in listing IMX. It is possible that Immutable X could list on multiple exchanges simultaneously or in a phased manner.