Cows for automatic token listing on CEXS on CZ CZ

After the recent listing of BNB chain test tokens on binance, co-founder Changpeng Jhao criticized the token listing process on centralized exchanges, called it “broken” and suggested that exchanges are a more automated listing approach to decentralized exchanges Should adopt

Changpeng Jhao, co-founder and former CEO of Benance, who is widely known as CZ, has one of the world’s largest crypto exchanges, his ideas about the recent list of Test tokens (TST) on Benance Has shared When the argument behind the listing of TST on Binance was questioned, CZ told about himself Post on X This exchange often lists coins based on popularity and demand rather than personal participation in the listing process. He said, “Exchanges should compete to list popular coins as soon as possible,” he said that important trading volume projects are naturally preferred.

Jhao’s comments come immediately after the binance listed TST, which was made as part of the BNB chain’s Walkthroo tutorial as to how to make a meme coin on the Four.Mem Launchpad platform BNB seriesOn 9 February, TST saw its market cap about $ 489 million before leaving about $ 170 million at the time of writing. CoinmarketcapIn a series of tweets, CZ clarified the circumstances behind the listing of TST, emphasizing that it was never intended to support the tokens. “TST was not supported by me or Benance. It was only a test token used for a video tutorial. However, as Zhao explained, every explanation post made only TST more viral. ,

In FollowerHe criticized the token listing process on centralized exchanges, “slightly broken.” He said that the issue is with a short time difference between the announcement of a new listing and the actual listing, which usually occurs in a few hours. According to Zhao, this brief notice period causes ups and downs in significant value, a spike appears in value on decentralized exchanges often after the announcement with tokens. Traders, who often monitor the dex, then sell tokens on CEXS once listed, which leads to immediate sale pressure.

Roast then suggested CEXS can benefit from a more automatic listing process, such as the token listed on Dex. He proposed that the exchange could automatically list almost any tokens.

Apart from its comments on CEX listing processes, the former CEO also addressed concerns about its stance on the coins of the meme, which has been the biggest story in Crypto in 2024. When asked if he was moving away from focusing in favor of “Fundamental”. Meme coins, CZ, said their priorities remained unchanged. “I am a builder. I always focus on basic things. “However, he clarified that he does not oppose him when he has not personally invested in any meme coin. He said, “Nothing” does not mean that I am against it. ”