CZ calls for automatic token listings on CEXs following TST listing on Binance

After the recent list of the test token of the BNB channel on Binance, the co-founder Changpeng Zhao criticized the process of racking tokens on centralized exchanges, the caller “broken” and suggesting that the exchanges should adopt a approach more automatic registration similar to decentralized exchanges.

The co-founder of Binance and former CEO Changpeng Zhao, widely known as CZ, shared its reflections on the recent test token (TST) on Binance, one of the greatest exchanges of crypto in the world. Asked about the justification of the TST list on Binance, CZ explained in his Publish The fact that exchanges often lists the parts according to popularity and demand, rather than personal involvement of the registration process. “Exchanges must compete to list popular parts as soon as possible,” he said, adding that projects with a large commercial volume are naturally prioritized.

Zhao’s comments come shortly after the TST listed, which had been created as part of the procedural tutorial of a BNB chain on how to create a piece of memes on the Four.meme Launchpad platform on BNB chain. On February 9, TST saw its market capitalization rise to nearly $ 489 million before moving to around $ 170 million at the time of the editor Coinmarketcap. In a series of tweets, CZ clarified the circumstances of the TST list, stressing that it was never intended to be an approval of the token itself. “TST was not approved by me or binance. It was just a test token used for a video tutorial. However, as Zhao explained, each clarification article has just made the TST more viral. »»

In his monitoring postHe criticized the list of tokens on centralized exchanges, calling it “a little broken”. He explained that the problem concerns the short-term difference between the announcement of a new list and the actual list itself, which is generally only a few hours. According to Zhao, this brief notice period causes significant price fluctuations, the tokens often seeing a peak of value on decentralized exchanges after the announcement. The merchants, who often monitor the Dex, sell and then sell the token on CEX once it is listed, leading to immediate sales pressure.

Zhao then suggested That CEX could benefit from a more automatic registration process, similar to the way tokens are listed on Dex. He proposed that exchanges can list almost all tokens automatically.

In addition to his comments on the CEX registration processes, the former CEO also responded to concerns about his position on the same parts, which were The greatest story of the crypto in 2024. When he was asked if he moved away from focusing on the “fundamental principles” in favor of the pieces even, CZ argued that his priorities had remained unchanged. “I am a manufacturer. I always focus on the fundamentals. However, he said that even if he has personally invested in any coin, he does not oppose them. “Not” in “something doesn’t mean I’m against it,” he said.