Binance Founder Changpeng Zhao (CZ) recently sparked a big debate, in which he denied the impact of Cryptocurrency’s CEX list at its price. His statement has surprised crypto investors, as it has been observed in history that the list of cryptocurrency is often jumped in their price. CZ believes that there is no long-term impact of a crypto exchange listing and the temporary fluctuations in prices after the listing is a common process.
CZ’s statement
On March 28, CZ responded to a user’s question on Twitter and said that “Actually, listing a crypto should not have any impact on its price.” His statement caused a stir in the crypto market, as the price of Crypto Cash is usually seen after listing on Crypto exchanges. Binance K Founder CZ also said that the temporary changes in prices after listing are only due to liquidity, but it does not last long.
Importance of long term impact
CZ stressed that long -term impact on any Crypto Cash Wort comes from the development and efforts made in it. He believes that the price and success of a crypto depends on his technical quality and the hard work of the team, not only on his listing.
Dex model promotes
CZ also said in its statement that the Dex (Decentralized Trade) model is much better, as it listed all the cash and people trading with their choice. He said that “Dex Model is very good, where every coin is listed and people choose according to their own.” The risk during trading on DEX can be highly high, as these platforms are not centralized.
Focus on listing of BNB
CZ also talked about the BNB list on coinbase and made it clear that no one had applied for the BNB list, but it happened on its own. He said, “No one had applied for listing. Focus on construction, listing is naturally.” This statement gave rise to more speculations and some investors considered it a sign that any listing in Binance is only after its development, not due to any external pressure.
Mubarak Coin List and Price Decline
After this statement of CZ, the listing of Mubarak Coin also came into the limelight. This coin was listed on binance, but Mubarak Coin List on Binance After the price of coin declined by about 40%. The price of Mubarak Coin was earlier increased by 20% when Binance launched a perpetual contract for this. This proves that prices fluctuations after listing are normal, but its long term impact is not always clear.
Conclusion
CZ’s statement is increasing the new debate in the Crypto market. While historical data shows that the exchange listing leads to a rise in the price of crypto, CZ says that there is no long -term impact of the listing. He believes that the success of the coin and its price is due to its technical development and the hard work of the team.
Also, their support for Dex Type indicates that they prioritize the decentralized platforms, where the entire process of trading is more transparent and independent. But this also means that investors may face high risk.
