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Changpeng Zhao (CZ), the founder of Binance, the world’s largest cryptocurrency exchange, made statements about altcoin listings and their impact on prices.
At this point, CZ argued that the prices of tokens should come from their own development, not from listings.
Replying to a user on X, CZ argued that listings on exchanges should not inherently affect token prices.
CZ acknowledged that listings increase liquidity, but noted that the impact is short-term and provides short-term gains.
In response, CZ said 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 backed the decentralized exchange (DEX) model, which allows for the listing of all tokens and gives users the freedom to decide what to trade.
“Actually, listing a token should not affect the price. Of course, listing tokens provides liquidity, allows for freer entry and exit. However, in the short term (both up and down), there may be an impact on prices. But this will be very short-term.
In the long term, prices should 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 BNB!
In another post, CZ also evaluated Coinbase’s decision to list Binance Coin (BNB) in futures. CZ said that there was no demand for BNB to be listed and that BNB’s development naturally brought about this listing.
“Nobody has applied for this. Focus on building. Listing comes naturally.”
我同意。其实上币本来就不应该影响价格。当然上币提供了流动性，可以更自由的进出。短期有可能对价格有影响（上下都有）。但这个应该是很短期的。
长期来讲，价格应该由项目本身的发展决定。
DEX的模式就很好，所有的币都上，人们自己选择。
— CZ
BNB (@cz_binance) March 28, 2025
*This is not investment advice.
