Changpeng Zhao (CZ), founding father of Binance, the world's largest cryptocurrency trade, has issued a press release on its Altcoin checklist and its impression on costs.
At this level, CZ argued that token costs ought to come from their very own improvement, not from their listings.
Replying to the person with X, CZ argued that the checklist of exchanges shouldn’t inherently have an effect on the value of the token.
CZ acknowledged that the listings would improve liquidity, however famous that the impression was short-term and would carry short-term advantages.
In response, CZ said that the event and progress of the undertaking ought to decide the value, and that the event of the undertaking is crucial issue affecting long-term value actions.
CZ additionally supported the distributed Change (DEX) mannequin. This enables for a listing of all tokens and permits customers to freely determine what to commerce.
“In reality, the checklist of tokens shouldn’t have an effect on costs. In fact, itemizing tokens presents liquidity and permits for extra free entry and exit. Nonetheless, within the quick time period (each up and down), it will possibly have an effect on costs. However that is very quick time period.
In the long term, the value should be decided in keeping with the event of the undertaking itself.
The Dex mannequin is superb. All tokens are listed and other people can select for themselves. ”
Coinbase lists BNBs!
In one other submit, CZ additionally evaluated Coinbase's determination to checklist futures vinance cash (BNBs). CZ mentioned there was no demand for BNB to be listed, and the event of BNB naturally introduced this checklist.
“Nobody has utilized for this. Concentrate on the constructing. The checklist is coming naturally.”
I agree. In reality, the checklist of cash shouldn’t have an effect on the value. In fact, the checklist of cash presents liquidity and lets you come and go extra freely. It will probably have an effect on costs within the quick time period (each prime and backside). However this needs to be very short-term.
In the long term, the value needs to be decided by the event of the undertaking itself.
The Dex mannequin is superb, with all of the cash turned on and other people select themselves.
– CZ🔶BNB (@CZ_BINANCE) March 28, 2025
*This isn’t funding recommendation.
