CZ criticizes the process of listing assets on Binance
Date: 2025-02-11 Author: Oliver Abernathy Categories: BUSINESS
According to Zhao, the listing system on Binance needs to be revised. He noted that the exchange announces a listing, and then adds a token just a few hours later. As a result, during this time, the value of the asset on decentralized exchanges (DEX) increases, and after appearing on centralized platforms (CEX), traders sell it en masse. CZ believes that this approach creates favorable conditions for speculation.
Zhao's criticism came against the backdrop of the listing of the TST token, which he created as part of a tutorial for BNB Chain on the Four.Meme platform. Although CZ has repeatedly emphasized that this asset was created solely for demonstration purposes, the token's popularity has grown rapidly. The more he explained its test nature, the more actively the community discussed this event.
At its peak, the cost of TST reached $0.47, and currently its price is $0.18 with a capitalization of $175.7 million. However, Zhao himself said that he does not know how the token ended up on Binance, and emphasized that he has nothing to do with it. He noted that exchanges are forced to compete for the listing of popular assets and often do so hastily.
“You may not like it, but exchanges compete to add popular tokens with high trading volumes. If your project is interesting to traders, you do not need to negotiate with platforms - just continue to develop it,” he said.
At the same time, CZ emphasized that he does not have a clearly expressed position “for” or “against” meme coins, but he follows their development. He recalled that he has put a lot of effort into supporting the altcoin industry, and applies the same approach to meme tokens.
According to Zhao, the sharp increase in interest in meme coins is due to increased pressure from regulators who seek to classify utility tokens as securities and sue developers. Another factor influencing the popularity of such assets is their high volatility, which attracts speculators.
Earlier, Binance Research analysts noted a surge in interest in meme coins, linking it to a transparent issuance system without hidden distribution among insiders and token unlocking stages. An additional driver was platforms such as Pump.fun, as well as Telegram bots that simplify access to these assets.
“Meme coins are part of a cultural phenomenon. I am not an expert in this area, but there are enough people in the industry who support their development. You should not go against the community,” CZ added.
Earlier in February, AI16Z and VVV tokens fell sharply after their listing on the Binance futures platform.
