Binance’s former CEO Changpeng Zhao makes first social media post after serving a four-month jail term.

  • Scroll co-founder denies criticism over Binance listing.

  • Ye Zhang explains Scroll’s relationship with Binance is beyond just listing but a partnership.

  • Scroll already reserved 15% of its token supply for community airdrops.

Scroll co-founder Ye Zhang has debunked the criticism from crypto community members who think the project made a wrong decision to seek a listing on the Binance cryptocurrency exchange. According to Zhang, listing on Binance is a strategic decision to build a partnership for growth and broader support.

I don’t think partnering with Binance is "kneeling to a CEX for listing" – it's way more than that, it's a strategic decision to build a partnership for growth and broader support. However, it is indeed a tough decision. Here are some of my thoughts:

1) Binance on-ramp and…

— Ye Zhang 📜 (@yezhang1998) October 11, 2024

In a recent post on X, Zhang provided reasons for the partnership, which he claimed is a tough but necessary decision. He highlighted Binance’s significant on-ramp and off-ramp support for stablecoins as a major factor for Scroll, especially given the strong demand from ecosystem projects and builders…

The post Scroll’s Partnership With Binance is Beyond Just Listing – Co-Founder appeared first on Coin Edition.