#bimance #memecoinđđđ Binance listing process is âbroken,â says CZ
The founder of Binance also stated that he does not invest in memecoins and NFTs
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Feb 10, 2025 10:32
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Changpeng âCZâ Zhao, creator of Binance, at Web Summit 2022 (Photo: Ben McShane/Web Summit)
Published onFeb 10, 2025 10:32Updated onFeb 10, 2025 10:19
Amid the controversy over the TST memecoin, which Binance co-founder Changpeng âCZâ Zhao âunintentionallyâ increased in value by 22,500%, he has come out publicly to criticize Binanceâs listing process.
CZ pointed out that the four-hour delay between announcement and listing allows traders to manipulate prices before trading begins on the exchange.
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âAs an observer, I think Binanceâs listing process is a bit broken,â CZ tweeted. âThey announce and then list four hours later.â
âThe warning period is necessary, but in those four hours, token prices spike on DEXs [decentralized exchanges], and then people sell on CEX [centralized exchange]⌠I donât know if thereâs a solution for this. Just be careful,â the entrepreneur warned.