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Binance CEO Changpeng Zhao (CZ) talks about the best way to get listed on CEX, the best places in the world for crypto, how he deals with FUD and more!
CZ Hosts Surprise Twitter AMA
In an improvised way Twitter Space’s AMA January 24, CEO of Binance Changpeng Zhao (CZ) asked questions on a variety of topics, including advice on how to get listed on the Centralized Exchange (CEX), the best places in the world for crypto today, and how Binance is tackling FUD in 2023.
Nearly 23,000 users tuned in to the AMA, whose 10:15 UTC start time was more aimed at people in the Eastern Hemisphere.
How to get listed on Binance
In response to a question about whether Binance adjusts its listing standards according to market conditions, CZ said it doesn’t matter whether it’s a bull or a bear, whether the project is a layer-1 or layer-2, or which blockchain. the token is on.
In fact, he said Binance’s approach hasn’t changed much in the five years since he first posted “Binance Listing Tips” on LinkedIn.
While the Binance team can generally provide a faster turnaround time on project reviews on BNB chainThe most important consideration when deciding on an entry is how many users a token has.
“The most important thing we look for is the number of users. If the number of users for a project for a coin is high, then we think there is utility, CZ said. “Basically, if a large number of users are using a product, there’s a good chance there’s value. And also if they have a large number of users, there’s usually very good liquidity.”
He went on to say that if a project does not have a large number of users, or is in an early stage, Binance must conduct a far more detailed review, including examining the product, the team and other due diligence.
“If a project already has a large number of users, then it’s an easy decision,” CZ said.
The best places for crypto
Perhaps unsurprisingly, CZ was full of praise for the United Arab Emirates, specifically his home base of Dubai.
He said the UAE has a “very friendly, very smart regulatory environment, not just for crypto, but for business in general.” He also cited low taxes, safety and cleanliness.
“Overall, it’s just a nice place to be,” CZ said.
CZ name-checked other places as progressive on crypto, including Bahrain, the Middle East, “some parts of Europe” and, for Binance, New Zealand and Australia.
He said that crypto regulations are new and evolving everywhere, adding that there is not a single country in the world that is guaranteed to be the best for crypto forever.
On the other hand, he said it is encouraging that some countries with “previously overly restrictive regulations” are now loosening up, such as South Korea and Japan.
What you should do with FUD
During the AMA, CZ largely stuck to its New Year’s resolution to “ignore” FUD, fake news and attacks on Binance.
He pondered the various reasons why people or groups might attack Binance or other crypto projects, including short traders who want the price of an asset to go down, people like Peter Schiff who don’t “get” crypto and are therefore skeptical about it , and others who may “feel threatened by this new disruptive technology.”
“All of these reasons are actually fine to be honest,” CZ said. “And then there are less valid reasons.”
In an apparent reference to The Block and its now-former CEO Michael McCaffrey, who took tens of millions in loans from Sam Bankman-Fried’s Alameda Research, CZ said:
“FTX gave $43 million to a small crypto news sale. And they write a lot of FUD about Binance and still do even after this whole cure went public,” CZ said.
He said that Binance paid attention to unfair criticism in the past, but this year they are going to ignore it and focus on their own mission.
On the flip side, he said that there is a positive aspect of FUD, and that is when people spread rumors or negatives about Binance, it also raises more awareness about Binance.
“You can’t say anything negative about somebody without mentioning their name,” CZ said (moments after apparently criticizing The Block without mentioning their name).
What is Binance:
Binance positions itself as the world’s leading provider of blockchain ecosystems and infrastructure for cryptoassets with a financial product suite that includes the largest digital asset exchange by volume. The Binance platform aims to increase the freedom of money for users and has an extensive portfolio of crypto-asset products and offerings, including trading and finance, education, data and research, social goods, investment and incubation, decentralization and infrastructure solutions.
Where to find Binance:
Website | Twitter | Disagreement | Telegram |
