Binance’s Yi He Addresses Token Listing Challenges Amid CZ Criticism
Yi He, co-founder of Binance, highlighted the exchange's token listing process, emphasizing the need to prioritize tokens that provide real value and avoid corrupt or weak projects. Despite team expansion, Binance faces slow response times, impacting its market adaptability.
- Listing on Binance has diminished in market impact, akin to companies going public on Nasdaq.
- While previous Coinbase listings no longer trigger major price changes, Binance listings still cause noticeable spikes.
- Former CEO Changpeng Zhao criticized the listing process for allowing low-market-cap meme coins, which often lead to pump-and-dump schemes.
- Yi He stated that listings are evaluated based on ROI, market performance, and user attraction potential.
- Shifting investor demographics present new challenges for Binance.
- She stressed the importance of focusing on long-term value projects to maintain industry trust.
- Concerns were raised about blockchain's perceived failure to deliver real value over the past decade.
- Binance Labs remains independent amid restructuring, and the exchange is working to rebuild ties with US regulators.
He believes that by concentrating on meaningful projects, Binance can sustain its relevance in the evolving crypto landscape.