CZ批评Binance的令牌上市过程，称其为“有点破碎”

Binance前首席执行官Changpeng Zhao（CZ）批评了该交易所的代币上市流程，称其对市场价格的影响“有些破坏”。

Changpeng Zhao (CZ), the former CEO of Binance, has taken to social media to criticize the exchange's token listing process, highlighting its impact on market prices and describing it as “a bit broken.”In a series of posts on social media platform X on February 9, CZ shared his observations on how Binance's practice of announcing token listings four hours before trading starts often leads to sharp price surges on decentralized exchanges (DEXs) before activity begins on the centralized exchange (CEX).

Binance的前首席执行官Changpeng Zhao（CZ）已进入社交媒体批评交易所的令牌上市流程，强调了其对市场价格的影响，并将其描述为“有些破坏”。在社交媒体平台上的一系列帖子中X在2月9日，CZ分享了他关于Binance在交易开始前四个小时宣布代币清单的实践的观察，通常会导致分散交易所（DEX）在集中式交易所（CEX）开始之前的分散交易所（DEX）。

Specifically, CZ's comments were prompted by the recent Test Token (TST) listing on Binance. He clarified that TST was created by an exchange tutorial author as a test asset and had no official endorsement from Binance or himself. Despite this, the token saw a surge in price due to speculation before being traded on the CEX.

具体而言，最近的测试令牌（TST）列出了CZ的评论。他澄清说，TST是由交易所教程作者创建的，是一项测试资产，没有义务或他本人的正式认可。尽管如此，由于猜测在CEX上进行交易，因此代币的价格激增。

“As an observer, I think the Binance listing process is a bit broken,” CZ wrote. “The notice period is necessary, but in those four hours, token prices go high on DEXs, and then people sell on CEX.”

CZ写道：“作为观察者，我认为二元列表过程有些破坏。” “通知期是必要的，但是在那四个小时内，代币的价格上涨了DEX，然后在CEX上出售的人。”

While acknowledging the challenges exchanges face in determining which tokens to list, he added: “Not sure if there is a solution for this though. Just beware.”

他在确定要列出的代币时承认交流面临的挑战时，他补充说：“不确定是否有解决方案。只是当心。”

CZ also addressed broader concerns and explained why certain tokens get listed faster than others, highlighting the competitive pressure among exchanges. “Exchanges must compete to list popular coins (with trading volume) as early as possible,” he stated.

CZ还解决了更广泛的问题，并解释了为什么某些令牌被列出的速度比其他代币更快，从而突出了交流之间的竞争压力。他说：“交流必须竞争以尽早列出受欢迎的硬币（具有交易量）。”

“If your coin is actively sought after by traders, you don't need to talk to exchanges. As I always say, work on your project, not the exchanges.” This highlights the market-driven nature of token listings, where user demand and trading volume play a key role in determining which tokens make it onto major exchanges.

“如果您的硬币是由交易者积极寻求的，则无需与交流进行交谈。正如我一直说的那样，在您的项目上工作，而不是交流。”这突出了以市场驱动的列表的性质，用户需求和交易量在确定哪些代币将其在主要交易所中起着关键作用。

CZ further responded to questions regarding his involvement in meme coins and his evolving stance on crypto assets. He clarified that he has not personally bought any meme coins and remains focused on fundamentals rather than hype-driven assets.

CZ进一步回答了有关他参与模因硬币以及他对加密资产的不断发展的立场的问题。他澄清说，他没有亲自购买任何模因硬币，而是专注于基本面而不是炒作驱动的资产。

“I haven't bought a single meme coin so far,” he stated. However, he also emphasized that not investing in meme coins does not mean he disapproves of them, adding:

他说：“到目前为止，我还没有购买任何模因硬币。”但是，他还强调，不投资模因硬币并不意味着他不赞成它们，并补充说：

“Not ‘into’ something doesn't mean I am against it. I am not into sports cars; I don't collect art; I haven't bought any NFTs; I also haven't bought most altcoins (I hold BTC and BNB).”

“不是'进入'并不意味着我反对它。我不喜欢跑车；我不收集艺术；我没有买任何NFT；我也没有购买大多数山寨币（我持有BTC和BNB）。”

CZ's remarks have sparked discussions among traders and regulators regarding the impact of exchange listing practices on market prices and the potential for artificial price inflation on DEXs before CEX listings. While Binance has yet to comment on CZ's statements, these discussions may lead to calls for greater transparency and measures to ensure fair market activity.

CZ的言论引发了交易者和监管机构之间的讨论，涉及交换上市实践对市场价格的影响以及在CEX上市之前对DEX的人造价格通胀的潜力。虽然Binance尚未对CZ的陈述发表评论，但这些讨论可能会导致呼吁提高透明度和确保公平市场活动的措施。