TradingView Takes a Cautious Stance Amid the Meme Coin Explosion

Host of The Wolf of All Streets, Scott Melker, sat down with Pierce Crosby, General Manager at TradingView, to discuss how the platform approaches the fast-paced world of token listings.

With millions of new meme coins and tokens launching at lightning speed in the crypto industry, platforms struggle to keep up. In an interview with Scott Melker, host of The Wolf of All Streets, Pierce Crosby, General Manager at TradingView, discussed the platform's approach to the fast-paced world of token listings.

Crosby acknowledged the challenge, highlighting how "All these token launchers have kind of come to the foreground in the last six to 12 months that operate at lightning speed." He explained that most market activity revolves around being "The first post-bonding curve when a token launches to basically deploy capital as quickly as possible."

However, TradingView takes a more cautious approach. "We actually take a more passive approach where we wait for exchanges to actually do the listings themselves," he said.

TradingView pulls data feeds from 48 crypto exchanges, ensuring users receive corresponding data from their preferred platforms. "In this case, we're actually allowing the DEXs and centralized exchanges to do the initial audit and work for listing these projects prior to TradingView consuming that data information," Crosby added. He admitted that this approach might make them "a little bit slow," but believes it's ultimately in the customers' best interest.

Crosby pointed out the rapid rise and fall of certain tokens, noting that "A lot of these projects, as you mentioned, they explode and then they can also die in a matter of less than 12 hours." By not rushing to list every new token, TradingView aims to protect its users from such volatility. "We do think actually for the long term, it's probably in the benefit of the customers," he emphasized.

To support users interested in immediate listings, TradingView partners with specialized platforms. "Thankfully, there are projects that specialize in this and we're partners with them," Crosby said, highlighting DEX Screener as an example. "They've been around for a long time... and as a result, a lot of that traffic that we may not be able to handle ourselves goes to platforms like DEX Screener who are specialists in lightning-fast trading listings."