Changpeng Zhao: "Cryptocurrency exchanges should not influence prices upon listing"
Minseung Kang
Summary
- Changpeng Zhao, the founder of Binance, stated that exchange listings should not influence prices.
- Zhao mentioned that short-term price fluctuations should be limited and that the development of the project itself should determine prices in the long run.
- Zhao noted that the decentralized exchange (DEX) model is ideal for investors.
Changpeng Zhao, the founder of Binance, the world's largest cryptocurrency exchange, expressed the opinion that exchange listings should not influence prices.
On the 28th, Zhao responded on X (formerly Twitter) to a user's tweet stating, "A market where investors can independently determine value without a listing premium is truly healthy," saying, "I agree. I fundamentally believe that exchange listings affecting prices is not right."
He added, "While listings may have some short-term impact on prices, that impact should also be very limited and temporary," and "In the long run, the development of the project itself should determine the price. In that sense, the decentralized exchange (DEX) model is ideal."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
