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Highlights
- Binance founder CZ believes CEX listings have no long term impact on an asset's price.
- CZ spotlights BNB listing on Coinbase, sparking speculations.
- However, MUBARAK coin listings spark contrary speculations amid CZ's potential association with the crypto.
Binance founder Changpeng Zhao has recently made global headlines, refuting CEX listing’s impact on a crypto’s price. The founder’s recent comments, contrary to historical data that shows crypto listings usher price gains, have left investors in an enigma. “In fact, listing a coin shouldn’t affect its price in the first place,” CZ stated, echoing an enormous market buzz.
Binance Founder CZ Negates Exchange Listing’s Impact On Crypto’s Price
Replying to an X user named Jason on Friday, March 28, CZ conveyed that listing a coin shouldn’t affect its price. While the listings offer liquidity, a short-term impact may be witnessed, whilst long-term gains are out of the question.
The Binance founder further deems the development of the project itself as one of the most vital factors affecting long-term price actions. Instead, he puts the spotlight on DEX’s model of functioning.
Changpeng Zhao Deems DEXs Better?
“The DEX model is great—all coins are listed, and people choose for themselves,” Changpeng concluded, setting off speculative waves. Notably, DEXs offer a vast range of tokens for traders to choose from, although market risks remain high.
CZ Spotlights BNB Listing
Simultaneously, in another X post the same day, the Binance founder highlighted BNB perpetual futures listing on Coinbase, another top crypto exchange. The founder shed light on this listing, saying, “No one applied for this. Focus on building. Listing comes naturally.”
This statement, in tandem with his previous remarks on a CEX listing’s impact on crypto prices, has raised eyebrows among market participants globally.
Recent Listings For MUBARAK Coin Fuels Additional Speculations
Simultaneously, MUBARAK coin, a crypto closely speculated to be related to CZ, has recently gained significant traction amid key listings. CoinGape reported that Binance listed MUBARAK and added it to its stockpile of offerings today. However, despite the listing, the token’s price crashed nearly 40% to $0.09558. This saga also aligned with previous comments of a negligible impact on crypto prices with CEX listings.
However, CoinGape earlier found that MUBARAK price rallied over 20% as the CEX launched a perpetual contract for the crypto previously. Besides, CZ’s Dog (BROCCOLI), another token, rallied nearly 10% amid its listing on the same exchange, sparking contrary speculations in light of recent comments.
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