🔥Criticism of the new token listing on Binance 👀
In recent statements, the founder and former
#CEO of
#Binance , CZ Zhao, launched harsh criticisms of the Binance listing process, describing it as "a bit broken".
What is the reason for this description? The statements are based on the current process that has a
#Token from the time it is announced until it is officially listed on the
#exchange centralized, where during that time frame the price of the token experiences a lot of fluctuation on decentralized exchanges.
From a personal opinion, this is a phenomenon that I observe happens a lot on centralized exchanges, where a token that will be listed is announced, and immediately the volatility in the price increases exponentially on the "decentralized exchanges" (which is where trading usually starts).
So what happens is that the price increases on the DEX so that everything is sold on the CEX, causing the price of the token to drop, where some investors who enter late wait for some type of price recovery.
What is the solution? To extend that time frame and not make it so short, allowing the market to do its own work and move according to supply and demand over time, and not by a simple listing announcement.
👉More crypto updates ...
Share and follow me for more 👈😎
$SOL