Binance CEO Changpeng Zhao (CZ) talks about one of the best ways to get listed on the CEX, the highest locations on the earth for crypto, how he is dealing with FUD, and extra!
CZ Hosts Shock Twitter AMA
In an impromptu Twitter Spaces AMA on Jan. 24, Binance CEO Changpeng Zhao (CZ) fielded questions on quite a lot of subjects, together with recommendation on get listed on the Centralized Alternate (CEX), one of the best locations on the earth for crypto in the present day, and the way Binance is tackling FUD in 2023.
Almost 23,000 customers tuned in to the AMA, whose beginning time of 10:15 a.m. UTC was geared extra towards individuals within the Jap Hemisphere.
The way to Get Listed on Binance
In response to a query on if Binance adjusts its itemizing requirements in line with the state of the market, CZ mentioned it doesn’t matter if it’s a bull or a bear if the undertaking is a layer-1 or layer-2, or what blockchain the token is on.
Actually, he mentioned Binance’s method hasn’t modified a lot within the 5 years since he first posted “Binance Listing Tips” on LinkedIn.
Whereas the Binance group can usually give a sooner turnaround time on critiques of tasks on BNB Chain, the highest consideration when deciding on a list is what number of customers a token has.
“The primary factor we search for is variety of customers. If the variety of customers for a undertaking, for a coin is excessive, then we believer there may be utility worth,” CZ mentioned. “Mainly if numerous customers use a product, then there’s a excessive probability there’s worth. And in addition if they’ve numerous customers, there may be often superb liquidity.”
He went on to say that if a undertaking doesn’t have numerous customers, or is in an early stage, then Binance has to carry out a much more detailed evaluate, together with inspecting the product, the group and different due diligence.
“If a undertaking is already having numerous customers, then it’s a easy determination,” CZ mentioned.
The Greatest Locations for Crypto
Maybe unsurprisingly, CZ was brimming with reward for the United Arab Emirates, particularly his residence base in Dubai.
He mentioned the UAE has a “very pleasant, very sensible regulatory surroundings, not only for crypto however for enterprise generally.” He additionally cited low taxes, security, and cleanliness.
“Usually it’s only a good place to be,” CZ mentioned.
CZ name-checked different locations as being progressive on crypto, together with Bahrain, the Center East, “some elements of Europe” and, for Binance, New Zealand, and Australia.
Saying that crypto rules are new and evolving in every single place, he added that there’s not a single nation on the earth that’s assured to be one of the best for crypto eternally.
However, he mentioned it’s encouraging that some nations with “beforehand over-restrictive rules” at the moment are loosening up, comparable to South Korea and Japan.
What to Do About FUD
Throughout the AMA, CZ largely caught to his New Year’s resolution to “ignore” FUD, pretend information, and assaults on Binance.
He mused on the assorted causes that individuals or teams may assault Binance or different crypto tasks, together with merchants on brief positions who need the worth of an asset to go down, individuals like Peter Schiff who don’t “get” crypto and are due to this fact skeptical about it, and others who might “really feel threatened by this new disruptive expertise.”
“All these causes are literally wonderful to be trustworthy,” CZ mentioned. “After which there are much less legitimate causes.”
In an apparent reference to The Block and its now-former CEO Michael McCaffrey, who accepted tens of thousands and thousands in loans from Sam Bankman-Fried’s Alameda Analysis, CZ mentioned:
“FTX gave $43 million to a small information outlet in crypto. They usually write numerous FUD about Binance, and so they nonetheless do even after this complete routine turned public,” CZ mentioned.
He mentioned Binance did take note of unfair criticism prior to now, however this yr they will ignore it and concentrate on their very own mission.
On the flip facet, he mentioned there’s a optimistic side to FUD, and that’s when individuals unfold rumors or destructive about Binance, additionally it is elevating extra consciousness about Binance.
“You can’t say one thing destructive about any person with out mentioning their title,” CZ mentioned (moments after apparently criticizing The Block with out mentioning its title).
What’s Binance:
Binance positions itself because the world’s main blockchain ecosystem and crypto-asset infrastructure supplier with a monetary product suite that features the biggest digital asset change by quantity. The Binance platform goals to extend the liberty of cash for customers and incorporates a complete portfolio of crypto-asset merchandise and choices, together with buying and selling and finance, training, information and analysis, social good, funding and incubation, decentralization, and infrastructure options.
The place to search out Binance:
Website | Twitter | Discord | Telegram |
