Background and controversy
Recently, Binance suddenly stopped listing new coins and BNB-related activities, which triggered widespread discussion. Some people accused Binance of frequently listing new coins, which led to market fluctuations in the entire cryptocurrency circle. However, although Binance has a strong influence as one of the world's largest cryptocurrency exchanges, the overall trend of the market is not determined by a single platform. It seems unfair to blame Binance for the collapse of altcoins. There are many other exchanges in the market, and Binance's behavior cannot completely influence the market trend.
New Coins and Market Fluctuations
In the past June and July, Binance has hardly listed any new tokens. In the market decline in June, Binance's failure to list new tokens did not ease the market decline. Similarly, the market rise in the past half month has nothing to do with whether Binance has listed new tokens. It can be said that Binance's move is out of protection of its own reputation and shows that it is willing to listen to the opinions of users. This is also one of the reasons why everyone is willing to put their main funds in Binance.
The impact of Binance’s suspension of new listings
However, the suspension of new listings has indeed caused inconvenience to some users. For example, projects such as ZKL and UXLink failed to be listed on Binance, and users can only choose to trade on other exchanges such as B!tGet or OKX. These projects have been active in Binance's Web3 wallet, so it is logical for them to be listed on Binance.
The voice of the market and Binance’s response
I hope Binance will not change its development strategy because of negative comments from a few people. Some people blame others for their losses in the market instead of looking for reasons from themselves. No market can guarantee that everyone will make a profit. Therefore, Binance should continue to maintain the normal new product listing process, especially to create more benefits for BNB users.
Competition and speculation
It is worth noting that other exchanges such as B!tGet listed many new tokens in July, and Byb!t is no exception. This makes people wonder whether there are competitors trying to influence Binance's decision-making through online public opinion behind the scenes. In any case, Binance's future development strategy still needs to maintain independent judgment.
The following is a screenshot of a new coin listed on an exchange in July:
