Changpeng Zhao criticizes Binance's flawed cryptocurrency listing process
Changpeng Zhao, the founder of Binance, recently stated on social platform X that the process of listing digital currencies on this exchange is flawed. He mentioned the Test Token (TST) recently listed by Binance, causing extreme price fluctuations. Zhao explained that announcing and listing a coin with a four-hour gap leads to price surges in decentralized exchanges and dumps in centralized exchanges. He also emphasized that he personally does not support the listing of TST and prioritizes fundamental principles over altcoins. Zhao, who was CEO of Binance until November 2023, has admitted to violating US anti-money laundering laws and served two months in prison.
