Where tokens list next — venue-to-venue paths, time between listings, and how later listings perform
Bithumb→
Upbit7359d
Binance Alpha→
Kraken6925dKraken→
Coinbase5035dCoinbase→Bithumb4552dBinance Alpha→Binance4211dUpbit→Bithumb4213dKraken→Binance Alpha3282dBinance Alpha→
Bybit30same day| Path | Tokens | Median lag | Avg lag | Median ROI T+7 after | Examples |
|---|---|---|---|---|---|
| BithumbSpot→UpbitSpot | 73 | same day | 59d | -11.1% | BIO, DEEP, TOSHI, VVV |
| Binance AlphaSpot→KrakenSpot | 69 | same day | 25d | -17.9% | SWARMS, LAVA, ZRC, PLUME |
| KrakenSpot→CoinbaseSpot | 50 | same day | 35d | -13.3% | BIO, DEEP, DRV, S |
| CoinbaseSpot→BithumbSpot | 45 | 8d | 52d | -21.2% | BIO, KMNO, TAO, RED |
| Binance AlphaSpot→BinanceSpot | 42 | same day | 11d | -20.8% | GPS, VIRTUAL, TST, ONDO |
| UpbitSpot→BithumbSpot | 42 | 3d | 13d | -17.6% | SONIC, DRV, COW, VTHO |
| KrakenSpot→Binance AlphaSpot | 32 | 63d | 82d | 2.0% | PEAQ, TOSHI, TOKEN, GRASS |
| Binance AlphaSpot→BybitSpot | 30 | same day | same day | -14.9% | BR, FHE, HYPER, DOLO |
| BybitSpot→KrakenSpot | 28 | same day | 29d | -8.7% | TRUMP, VTHO, SOSO, RED |
| BinanceSpot→BybitSpot | 25 | same day | same day | -23.0% | SOLV, LAYER, RED, PARTI |
| BybitSpot→BithumbSpot | 25 | 3d | 64d | -21.2% | SOLV, OBT, PLUME, VVV |
| KrakenSpot→BybitSpot | 23 | same day | 4d | -18.6% | VVV, BERA, BMT, WAL |
| BybitSpot→CoinbaseSpot | 22 | same day | 8d | -16.4% | TOSHI, B3, DATA, LA |
 OKXSpot→BinanceSpot | 21 | same day | 3d | -13.0% | BIO, TRUMP, BERA, KAITO |
| Binance AlphaSpot→OKXSpot | 21 | same day | 4d | -25.4% | VINE, FLUID, PARTI, HUMA |
| BinanceSpot→BithumbSpot | 20 | 8d | 60d | -25.3% | COOKIE, GPS, TRUMP, SHELL |
| Binance AlphaSpot→BithumbSpot | 20 | 23d | 92d | -17.4% | TOSHI, GRASS, AVL, POPCAT |
| BinanceSpot→KrakenSpot | 19 | same day | 10d | -20.7% | BIO, BERA, CHEEMS, KAITO |
| CoinbaseSpot→UpbitSpot | 18 | 28d | 55d | -17.2% | DRV, TRUMP, PENGU, ETHFI |
| KrakenSpot→BithumbSpot | 17 | 15d | 54d | -25.8% | B3, KAITO, INIT, MERL |
| BithumbSpot→KrakenSpot | 17 | 95d | 138d | -5.0% | PEAQ, SONIC, SOLV, ANIME |
| Binance AlphaSpot→CoinbaseSpot | 15 | 14d | 41d | -3.8% | FAI, MORPHO, SPX, TROLL |
| OKXSpot→KrakenSpot | 13 | 9d | 56d | -8.9% | AIXBT, S, VINE, PI |
| BybitSpot→UpbitSpot | 12 | same day | 13d | -26.4% | SONIC, LAYER, SIGN, DOOD |
| BybitSpot→BinanceSpot | 12 | same day | 9d | -22.5% | AIXBT, S, ANIME, HYPER |
| CoinbaseSpot→KrakenSpot | 12 | 23d | 62d | -10.2% | COOKIE, TOSHI, CLANKER, FLOCK |
| BithumbSpot→Binance AlphaSpot | 12 | 39d | 49d | -2.7% | SAFE, ZRC, DRV, OBT |
| BinanceSpot→UpbitSpot | 11 | 24d | 81d | -7.3% | PLUME, ANIME, MORPHO, BMT |
| OKXSpot→BybitSpot | 10 | same day | 1d | -28.9% | SONIC, ANIME, DATA, RESOLV |
| KrakenSpot→UpbitSpot | 10 | 87d | 149d | -18.2% | COW, AERO, NIL, BABY |
| UpbitSpot→CoinbaseSpot | 9 | same day | 11d | -26.3% | PLUME, BERA, NEWT, ERA |
| OKXSpot→Binance AlphaSpot | 9 | same day | 5d | -14.3% | NAVX, PROMPT, SOPH, YB |
| UpbitSpot→KrakenSpot | 9 | 14d | 21d | -14.1% | DEEP, VIRTUAL, PROVE, WLFI |
| BithumbSpot→CoinbaseSpot | 9 | 60d | 59d | -10.3% | COOKIE, TRUMP, KAITO, FLUID |
| BinanceSpot→CoinbaseSpot | 8 | same day | 31d | 3.7% | WAL, DOLO, AWE, TOWNS |
| KrakenSpot→BinanceSpot | 8 | 4d | 32d | -24.4% | PLUME, DOLO, OPEN, MIRA |
| UpbitSpot→OKXSpot | 8 | 44d | 86d | -8.9% | TOSHI, VVV, DATA, TAO |
| BinanceSpot→OKXSpot | 7 | 5d | 37d | -14.3% | AIXBT, S, VIRTUAL, KMNO |
| UpbitSpot→BinanceSpot | 7 | 12d | 56d | -11.7% | AERO, LA, F, AVNT |
| CoinbaseSpot→Binance AlphaSpot | 7 | 24d | 51d | -3.3% | VVV, B3, POPCAT, ATH |
| BybitSpot→Binance AlphaSpot | 7 | 28d | 119d | -17.2% | LAVA, GPS, AVL, ROAM |
| Binance AlphaSpot→UpbitSpot | 7 | 74d | 114d | -10.6% | PEAQ, ORDER, MOODENG, F |
| BithumbSpot→OKXSpot | 6 | 6d | 83d | -3.2% | GRASS, DOOD, ASTER, MON |
| BybitSpot→OKXSpot | 6 | 29d | 46d | -2.0% | A, SKY, HYPE, PROVE |
| OKXSpot→CoinbaseSpot | 6 | 118d | 110d | 4.7% | GRASS, VIRTUAL, LAYER, KMNO |
| BithumbSpot→BinanceSpot | 5 | same day | 4d | -30.1% | BMT, HAEDAL, MANTRA, FF |
| CoinbaseSpot→OKXSpot | 5 | 3d | 7d | 17.7% | PUMP, 2Z, SENT, RE |
| CoinbaseSpot→BinanceSpot | 5 | 78d | 117d | -27.3% | MORPHO, SYRUP, HOME, HYPE |
| OKXSpot→UpbitSpot | 4 | 51d | 71d | -7.8% | FLUID, CC, AI, GRAM |
| KrakenSpot→OKXSpot | 3 | 2d | 18d | -24.0% | TRUMP, LAYER, CHIP |
| OKXSpot→BithumbSpot | 3 | 4d | 6d | -11.3% | ZORA, SENT, ROBO |
| BithumbSpot→BybitSpot | 3 | 76d | 102d | 5.2% | VTHO, VERONA, SLX |
| CoinbaseSpot→BybitSpot | 2 | 29d | 29d | -22.8% | SKY, GROVE |
| UpbitSpot→Binance AlphaSpot | 2 | 109d | 109d | -23.2% | WAL, EUL |
| UpbitSpot→BybitSpot | 1 | 1d | 1d | -56.3% | 0G |
| Listing order | n | Median T+1 | Median T+7 | Median T+30 | Win rate T+7 |
|---|---|---|---|---|---|
| 1st listing | 790 | -4.0% | -14.2% | -33.4% | 31% |
| 2nd listing | 319 | -4.9% | -13.1% | -30.3% | 29% |
| 3rd+ listing | 593 | -5.2% | -15.4% | -35.0% | 23% |
Order is counted across all tokens, so the 1st row includes tokens that never listed elsewhere.
BinanceBinance AlphaOKXBybitCoinbaseUpbitBithumbKrakenAmong multi-venue tokens: how often a venue listed first vs. after another tracked venue.
Binance AlphaSpot2026-10-21—same day→CoinbaseSpot2026-10-21—same day→UpbitSpot2026-10-21—3d→BithumbSpot2026-10-24—BithumbSpot2026-08-21+1%1d→UpbitSpot2026-08-22+17%62d→KrakenSpot2026-10-22—Binance AlphaSpot2025-10-24-20%34d→BinanceSpot2025-11-27-38%328d→BithumbSpot2026-10-21—BybitSpot2026-01-26+2%268d→BithumbSpot2026-10-21—Binance AlphaSpot2026-10-16-34%3d→KrakenSpot2026-10-19-13%Binance AlphaSpot2026-09-30-11%same day→OKXSpot2026-09-30-9%same day→KrakenSpot2026-09-30-9%19d→UpbitSpot2026-10-19-53%same day→BithumbSpot2026-10-19-53%Binance AlphaSpot2026-01-20+132%same day→KrakenSpot2026-01-20+111%268d→BithumbSpot2026-10-15+0%KrakenSpot2025-01-15-17%499d→CoinbaseSpot2026-05-28+23%47d→UpbitSpot2026-07-14-22%same day→BithumbSpot2026-07-14-21%92d→Binance AlphaSpot2026-10-14-3%KrakenSpot2025-10-22+1%64d→Binance AlphaSpot2025-12-25+15%291d→BithumbSpot2026-10-12-40%Binance AlphaSpot2026-05-19+29%146d→BithumbSpot2026-10-12-1%OKXSpot2026-09-28-7%same day→KrakenSpot2026-09-28-6%same day→Binance AlphaSpot2026-09-28-6%11d→BithumbSpot2026-10-09-18%BithumbSpot2025-02-13+39%176d→UpbitSpot2025-08-08-15%328d→OKXSpot2026-07-02-7%7d→BybitSpot2026-07-09+0%91d→CoinbaseSpot2026-10-08-4%Binance AlphaSpot2026-09-04-32%24d→UpbitSpot2026-09-28-12%10d→BithumbSpot2026-10-08-6%Binance AlphaSpot2026-09-08-21%7d→OKXSpot2026-09-15+12%7d→BybitSpot2026-09-22-29%3d→KrakenSpot2026-09-25-33%12d→CoinbaseSpot2026-10-07-15%same day→UpbitSpot2026-10-08-5%same day→BithumbSpot2026-10-08-16%Binance AlphaSpot2026-03-10-6%212d→BithumbSpot2026-10-08-7%UpbitSpot2026-10-02+8%4d→BithumbSpot2026-10-06-11%Binance AlphaSpot2025-03-20+65%same day→BybitSpot2025-03-20-31%565d→BithumbSpot2026-10-06-24%Binance AlphaSpot2026-08-26+75%15d→BithumbSpot2026-09-10+16%22d→KrakenSpot2026-10-02-17%Binance AlphaSpot2025-12-11-36%same day→KrakenSpot2025-12-11-31%295d→BithumbSpot2026-10-02+18%KrakenSpot2025-09-02+53%120d→Binance AlphaSpot2025-12-31+3%271d→BithumbSpot2026-09-28-16%BybitSpot2025-07-11-4%116d→OKXSpot2025-11-04-1%85d→KrakenSpot2026-01-28+3%8d→CoinbaseSpot2026-02-05-6%231d→BinanceSpot2026-09-24-5%KrakenSpot2026-08-24-3%23d→Binance AlphaSpot2026-09-16+12%CoinbaseSpot2025-01-28-44%24d→Binance AlphaSpot2025-02-21-3%6d→KrakenSpot2025-02-27-19%22d→BybitSpot2025-03-21-11%376d→BithumbSpot2026-04-01-4%41d→UpbitSpot2026-05-12+1%126d→OKXSpot2026-09-15+50%CoinbaseSpot2025-03-06-30%26d→BithumbSpot2025-04-01-23%527d→UpbitSpot2026-09-10+11%OKXSpot2026-06-24-31%same day→KrakenSpot2026-06-24-31%78d→Binance AlphaSpot2026-09-10+6%Binance AlphaSpot2026-08-18-15%22d→BinanceSpot2026-09-09+28%Binance AlphaSpot2025-07-28-20%17d→KrakenSpot2025-08-13-7%7d→CoinbaseSpot2025-08-20-21%384d→BithumbSpot2026-09-08-31%same day→UpbitSpot2026-09-08-23%OKXSpot2026-09-02-63%same day→CoinbaseSpot2026-09-02-63%2d→Binance AlphaSpot2026-09-04-54%4d→BithumbSpot2026-09-08-30%same day→UpbitSpot2026-09-08-31%Binance AlphaSpot2026-07-30+93%36d→BinanceSpot2026-09-04-40%KrakenSpot2025-07-15-37%415d→Binance AlphaSpot2026-09-04-31%UpbitSpot2026-08-23-43%2d→KrakenSpot2026-08-25-34%3d→BithumbSpot2026-08-28-40%BybitSpot2025-02-12-26%14d→Binance AlphaSpot2025-02-26+35%9d→BithumbSpot2025-03-07-26%538d→KrakenSpot2026-08-27-22%KrakenSpot2025-01-27-21%64d→Binance AlphaSpot2025-04-01-12%24d→BithumbSpot2025-04-25-14%364d→OKXSpot2026-04-24-15%124d→CoinbaseSpot2026-08-26-8%Binance AlphaSpot2026-08-25-26%same day→KrakenSpot2026-08-25-28%Binance AlphaSpot2026-01-21-0%same day→KrakenSpot2026-01-21-7%34d→CoinbaseSpot2026-02-24+22%1d→BithumbSpot2026-02-26+48%176d→UpbitSpot2026-08-21+3%Binance AlphaSpot2025-03-11+162%same day→KrakenSpot2025-03-11+140%same day→BybitSpot2025-03-11+165%7d→BithumbSpot2025-03-18-49%same day→BinanceSpot2025-03-18-43%521d→UpbitSpot2026-08-21+27%BinanceSpot2025-03-24-31%1d→BithumbSpot2025-03-25-26%1d→KrakenSpot2025-03-26-23%513d→UpbitSpot2026-08-21-1%KrakenSpot2026-08-20-40%same day→CoinbaseSpot2026-08-20-40%Binance AlphaSpot2026-08-14-5%same day→BybitSpot2026-08-14-3%same day→KrakenSpot2026-08-14-3%Binance AlphaSpot2026-08-10-45%1d→KrakenSpot2026-08-10-47%same day→BithumbSpot2026-08-11-51%same day→UpbitSpot2026-08-11-47%2d→OKXSpot2026-08-13-16%BithumbSpot2026-03-12+20%8d→Binance AlphaSpot2026-03-20-31%145d→UpbitSpot2026-08-12-65%Binance AlphaSpot2025-11-11-78%same day→OKXSpot2025-11-11-62%same day→KrakenSpot2025-11-11-62%same day→BinanceSpot2025-11-11-63%1d→CoinbaseSpot2025-11-12-52%27d→BithumbSpot2025-12-09-29%244d→UpbitSpot2026-08-10-10%Binance AlphaSpot2025-09-29-58%same day→BybitSpot2025-09-29-58%same day→KrakenSpot2025-09-29-58%same day→CoinbaseSpot2025-09-29-58%8d→BithumbSpot2025-10-07-64%307d→UpbitSpot2026-08-10-15%KrakenSpot2025-07-11+9%395d→UpbitSpot2026-08-10-1%Binance AlphaSpot2025-09-30-70%same day→BinanceSpot2025-09-30-18%77d→BithumbSpot2025-12-16-14%237d→UpbitSpot2026-08-10+10%BybitSpot2025-07-03-7%same day→KrakenSpot2025-07-03-7%216d→Binance AlphaSpot2026-02-05+28%49d→CoinbaseSpot2026-03-25+2%104d→BithumbSpot2026-07-07-16%34d→UpbitSpot2026-08-10-29%Binance AlphaSpot2026-03-04+26%same day→BybitSpot2026-03-04+28%156d→BithumbSpot2026-08-07-27%same day→UpbitSpot2026-08-07-28%Binance AlphaSpot2026-06-26-30%same day→KrakenSpot2026-06-26-30%same day→BybitSpot2026-06-26-31%same day→CoinbaseSpot2026-06-26-30%4d→BithumbSpot2026-06-30-24%37d→UpbitSpot2026-08-06+85%Binance AlphaSpot2025-12-24+3%225d→BithumbSpot2026-08-06-19%Binance AlphaSpot2026-07-30+18%same day→CoinbaseSpot2026-07-30+18%same day→OKXSpot2026-07-30+18%same day→BybitSpot2026-07-30+19%1d→BithumbSpot2026-07-31+19%5d→UpbitSpot2026-08-05+5%Binance AlphaSpot2026-08-04-28%same day→KrakenSpot2026-08-04-29%same day→BithumbSpot2026-08-04-28%same day→UpbitSpot2026-08-04-40%Binance AlphaSpot2025-06-10-31%same day→BybitSpot2025-06-10-26%same day→CoinbaseSpot2025-06-10-32%2d→BinanceSpot2025-06-12-30%12d→BithumbSpot2025-06-24-7%406d→UpbitSpot2026-08-04+3%KrakenSpot2026-02-06+5%175d→UpbitSpot2026-07-31-5%CoinbaseSpot2025-07-30+15%364d→KrakenSpot2026-07-29-2%OKXSpot2026-07-27-30%same day→Binance AlphaSpot2026-07-27-30%2d→BithumbSpot2026-07-29-41%Binance AlphaSpot2026-06-17+24%same day→CoinbaseSpot2026-06-17+24%36d→UpbitSpot2026-07-23-27%5d→BithumbSpot2026-07-28+6%CoinbaseSpot2026-06-23-11%34d→BithumbSpot2026-07-27-25%same day→UpbitSpot2026-07-27-19%Binance AlphaSpot2025-10-30-20%14d→BinanceSpot2025-11-13-19%256d→BithumbSpot2026-07-27-86%KrakenSpot2025-11-21+17%132d→Binance AlphaSpot2026-04-02-45%same day→CoinbaseSpot2026-04-02-44%112d→BithumbSpot2026-07-23-50%BithumbSpot2025-01-24+2%20d→Binance AlphaSpot2025-02-13-3%20d→KrakenSpot2025-03-05-14%169d→UpbitSpot2025-08-22-25%330d→BinanceSpot2026-07-17-12%Under each step: listing date and ROI at T+7 on that venue.
