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Binance listing process is “broken,” says CZ
The founder of Binance also stated that he does not invest in memecoins and NFTs
Decrypt
Feb 10, 2025 10:32
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Changpeng “CZ” 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 “CZ” Zhao “unintentionally” increased in value by 22,500%, he has come out publicly to criticize Binance’s 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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“As an observer, I think Binance’s listing process is a bit broken,” CZ tweeted. “They announce and then list four hours later.”
“The 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 don’t know if there’s a solution for this. Just be careful,” the entrepreneur warned.
