Topic: Binance listing too much meme coin - page 2. (Read 595 times)

It is a trend and a possibility of profit - why not hop in?
That's my thoughts if I were an exchange 

The fact that binace was also often listing token who has no demand. I can also mention some tokens like Cetus and Cow. These protocols have less demand, but those are getting massive after binance listing announcement published.

 I know Binance is also seeking for the trade fees and volume from the traders, but massively listed meme tokens is really unacceptable.

I mean as an exchange you just gotta go with the flow and list the coins taht people talk about...

I knew that this is already the trend on most exchanges but other exchange will not follow the leading exchange is not doing it. In the contrary, Binance is the one that leading on this shitcoin listing fest that typically a pump and dump after listing since they are getting huge fee from shitcoin traders.

Before, they are not listing nay worthless token and they require MVP in able to list a project but right now even meme coin can be listed easily just because it was backed by VC that they are affiliated.

They are a marketplace. It's not their job to maintain the price of a coin. And its also hard to predict which would be a hit and which would miss. There are coins being listed and delisted every time.
It's the traders who buy and sell. They are willing to let anything bought and sold if they have a good profit from it.
Memecoins are the largest in demand. The most trade volume comes from memecoins. If centralized exchanges like Binance don't list memecoins, users would be forced to use Dex, which has its own complication and risks.

yeah I still remember that as well, binance putting more focus on a coin with higher wallet holder and will impose minimum requirement for listing in their platform.
if I remember correctly this rule was imposed around the same time when telegram tap-tap coins were doing their TGE and got massive listing in binance.

personally I see no problem with this, so many VC-based coin are problematic with their tokenomic, giving out 5% for community and the rest for team and investor, that's just a really bad deal from the beginning.

Even though it's wrong and shouldn't be this way, they basically do this because of the trends in the market. We all know how people hype up these meme coins, and there is a rising demand for them due to the fact that they tend to provide potentially high returns sometimes, so people are always eager to buy meme coins with the hope that they might become millionaires due to one of the many they are buying. Binance is just providing their customers with the opportunity to trade those meme coins on their platform instead of allowing them to use other exchanges because they know they will do it anyway.

I believe the safety of an investor or trader solely relies on the hands of the individual and not a platform or exchange offering them high-risk assets for trading. If you know something can harm you, you shouldn't go near it. Trading meme coins only because a major exchange lists them isn't the right way. One should choose what they should trade wisely to stay away from excessive losses.

Binance released a post sometime last year in Q4 I think when there was plenty fuds about them prioritizing more memecoins listings vs VC-based coins and they said they do it because Memecoins have more wider distribution compare to VC high FDV scams which is true but I think there is another reason.

Binance makes money from fees and so far, memecoins and ai agents bring in the most volume which translates to more fees ay the end of the day.

I am sorry to disappoint you, but crypto is a game of making more money and profits. These exchanges just chase volumes, trading, withdrawal, and listing fees and there's nothing we can do except avoiding trading meme coins or doing some due diligence before trading.

Some exchanges try to warn about the nature of the token or coin one is about to trade, plus the volatility of its price. By the time someone trades those tokens, they know what they are getting in to.

I have noticed 2 different between CZ and the new Ceo Richard Teng. I used to remember CZ is alwsy focus on build, like he literally want to support any projects that is ready to innovate and creative about crypto, most of their funding from Binance labs goes to new projects and are ready to support anything but this new CEO is just focus on money, he literally makes Binance like it's now the New Kucoin and that list anything just to bring liquidity to the exchange and it's not like Binance doesn't have liquidity.

The one that surprised me the most is when they added functionality of Pre-market. All centralized exchanges were doing that but Binance decided to be the last to implement such options and I wonder if Binance is the one copying new projects because then it used to be Binance before anything in the crypto space. The meme coins is a good selling business in my opinion and they easily create volume. Since people interest is still there, Binance is listing to benefit more from them, I'm very sure that CZ wouldn't like the idea but what can he do when he is no longer the Ceo of the company.

Of course, to be selective in terms of recording more reliable binance exchange listings, on MEXC in one day sometimes up to 5 or more are listed for the price only lasts temporarily even though users are also smart to check the supply and network used.


Yes. Many enter but most of them lose big because they expect too much from the pump of the new token.

Binance probably loss a lot of money paying penalies of their violations, so they might just be trying to recover. They’ll list anything as long as they’re earning from the listing fees. And since meme coins are trending now, they’re also making a lot from trading fees.

For them, it’s nothing personal, it’s just business. As long as it guarantees income and doesn’t violate any laws, they’re all in.

they just trying to chase the money, but on the other hand it isn't completely unjustified, I mean so many CT are shilling memes, at some point you'd realize that there's big capital going to meme and as an exchange which relies heavily on generating revenue from settled transaction, it's the only way to keep their exchange relevant. listing meme also part of their marketing campaign I guess to garner attention, degens are so happy when binance listing memes and in exchange binance got the massive revenue from 24h turnover.

the other people who didn't really like meme, can just not trade it.

Yeah, seems like Binance cares more about making bank from listing fees than protecting regular folk who use their platform.  Way I see it, they running a "casino" over there, fully aware that these meme coins is mostly pump-and-dumps.  Dont think they give a hoot if users get wrecked long as they get their slice of the pie.  Listing this crap is a straight up cash grab and Binance just letting scammers take advantage of customers and  without Binance giving them a platform, these garbage coins wouldnt even matter.  Its a shame, you ask me.  They used to be a respectable exchange. They really gotta stop listing these nonsense coins.

I have noticed this since CZ stepped down being the CEO of Binance. I think the current CEO knows what he's doing but I know Binance to be a great exchange that seek for the credibility of every asset, protecting the interest of her users. One think I often seen about this exchange is that they have a strict management and whether they noticed that a particular project is not doing well or generating enough liquidity for the token to be on motion, there is high probability of the time getting delisted from Binance. They are very strict about this and I do applaud them because the team is not ready for any misuse of data  which can lead to the rug pull of unserious project.

Well business is business and this is how it works and if we do tend to look back on what happen after CZ had been arrested and been taken over with a new CEO then we've seen the platform is really that listing out meme coins too often on which as long the community hype and the volume on which it is really that making then thats a good thing for them and one of the solid criteria for them to list out these worthless coins. We do know that Binance is really that the end game for most project on which they are targeting on because they are really that listing solid projects on which means that once you do get listed into this platform this do basically means that the project is indeed great. They have only a few meme coins in the past but now the rate of accepting meme coins is already that too fast on which just like been said that on the moment that they've seen that they can make money then this is the time that they will really be considering out on listing it already or even into those projects who do have that sufficient money that they could list up their coins/tokens into the platform. I do agree into those sentiments that majority of coins whether meme coins or not on which the price do really that gets its price into the floor on which simply means that it is really that becoming a dumping platform. Cant we agree on this one?

Same with Bitget. I had to desactivate notifications because of how much i receive notifications about listing and pre-listing of new coins. I checked some of them and they are all meme coins from telegram app bots. I got the same result searching pre-listing tokens in OKX.

Those exchanges don't care listing new coins without strict requirements. Probably they create those coins as many project are in the Ton network.

Yeah, you’ve got a point. It’s all about the profits for them.

That’s why, as crypto users, we must be smart and understand what we’re investing in. Not everything that gets listed is a solid long-term project. Sometimes it’s just hype, and if we’re not careful, we could end up holding a coin that loses its value fast. Stay informed and always do your own research

You might be forgetting that Binance exchange is a business op, you know this exchange, as long as it sees that a coin has a lot of community and the marketcap it has gained is high and the volume they need is within their criteria, they don't care if it's meme coins.

Do you remember Hamster Kombat, binance saw so many communities here on Hamster kombat, because they saw that the holders were so huge they listed them too, though after the listing, the active holders of hamster kombat were no longer that active.

Binance is top 1 in terms of Cex ranking but Binance does not provide financial advice to anyone.  When Binance lists a token they charge a listing fee for it which is very profitable for them and they bump their BNB coins through the token's Launchpool. BNB is their own coin and they use Launchpool strategy to increase the marketcap and price of this coin and for this they are constantly listing new coins. so do a good analysis before investing in any coin because you always have to be responsible for your loss and that loss will weaken you financially.