Changpeng Zhao (CZ), founder of Binance, the world’s largest cryptocurrency exchange, has issued a statement on its Altcoin list and its impact on prices.
At this point, CZ argued that token prices should come from their own development, not from their listings.
Replying to the user with X, CZ argued that the list of exchanges should not inherently affect the price of the token.
CZ acknowledged that the listings would increase liquidity, but noted that the impact was short-term and would bring short-term benefits.
In response, CZ stated that the development and progress of the project should determine the price, and that the development of the project is the most important factor affecting long-term price movements.
CZ also supported the distributed Exchange (DEX) model. This allows for a list of all tokens and allows users to freely decide what to trade.
“In fact, the list of tokens should not affect prices. Of course, listing tokens offers liquidity and allows for more free entry and exit. However, in the short term (both up and down), it can affect prices. But this is very short term.
In the long run, the price must be determined according to the development of the project itself.
The Dex model is very good. All tokens are listed and people can choose for themselves. ”
Coinbase lists BNBs!
In another post, CZ also evaluated Coinbase’s decision to list futures vinance coins (BNBs). CZ said there was no demand for BNB to be listed, and the development of BNB naturally brought this list.
“No one has applied for this. Focus on the building. The list is coming naturally.”
I agree. In fact, the list of coins should not affect the price. Of course, the list of coins offers liquidity and allows you to come and go more freely. It can affect prices in the short term (both top and bottom). But this should be very short-term.
In the long run, the price should be determined by the development of the project itself.
The Dex model is very good, with all the coins turned on and people choose themselves.
– CZ🔶BNB (@CZ_BINANCE) March 28, 2025
*This is not investment advice.
