Binance’s token listing process is “a bit broken,” former CEO Changpeng Zhao (CZ) warned, citing price surges on decentralized exchanges before centralized trading begins. “Just beware.”
CZ Breaks Silence on Binance Listings—Why Traders Should ‘Beware’
Binance’s approach to token listings faced criticism from its former CEO, Changpeng Zhao (CZ), who highlighted flaws in how the exchange announces new crypto additions. Discussing the recent inclusion of Test Token (TST), CZ noted in a Feb. 9 post on social media platform X that Binance discloses listings only four hours before trading starts. This brief window, he argued, frequently causes price surges on decentralized exchanges (DEXs) before centralized exchange (CEX) activity begins.
CZ explained that TST was originally designed as a test asset for a tutorial and was never endorsed by him or Binance. He observed that any clarification attempts only fueled more interest in the token. While distancing himself from its presence on the platform, he remarked:
As an observer, I think the Binance listing process is a bit broken. They announce, then list 4 hours later. The notice period is necessary, but in those 4 hours, the token prices go high on DEXes, and then people sell on CEX.
“Not sure if there is a solution for this though. Just beware,” Zhao added.
Explaining his lack of involvement in TST’s listing, CZ admitted he had no concrete explanation for its inclusion. “I don’t know for sure. I am entirely NOT involved in their listing process,” he clarified. Addressing broader concerns, he acknowledged that traders often question why specific tokens make the cut over others. However, he pointed to competitive pressures among exchanges as a driving force. “You might not like to hear this, but the truth is: exchanges must compete to list popular coins (with trading volume) as early as possible,” he said. “If your coin is actively sought after by traders, you don’t need to talk to exchanges. As I always say, work on your project, not the exchanges.”
Outside of the TST discussion, CZ responded to questions about whether he had moved away from his original principles. Dismissing such speculation, he declared: “No. I am a builder. I always focus on fundamentals.” When asked if he had developed an interest in meme coins, he replied: “It depends on your definition of ‘into.’ I haven’t bought a single meme coin so far.”
Offering further clarity, CZ stressed that his decision not to invest in meme coins did not equate to opposition. Asked whether he disapproved of them, he elaborated:
Not ‘into’ something doesn’t mean I am against it. I am not into sports cars; I don’t collect art; I haven’t bought any NFTs; I also haven’t bought most altcoins (I hold BTC and BNB).
Source: Bitcoin
