Is Binance Delisting Ethereum From Their CEX? CZ Responds

Binance, the world’s largest cryptocurrency exchange, has rolled out two new mechanisms designed to boost community involvement in token management: Vote to List and Vote to Delist. These initiatives allow users to have a direct say in which tokens get listed or removed from the platform, hinting at a more decentralized decision-making.

However, amid the excitement, fake news began circulating claiming that Binance plans to delist Ethereum (ETH) from its CEX. This rumor quickly sparked panic among traders, but Binance’s Changpeng Zhao (CZ) addressed it, dismissing the claims with a sharp response: “Whoever believes this deserves to be poor.”

Concerns Over Token Volatility

Despite CZ’s firm rebuttal, the situation has ignited a broader debate within the crypto community. A data analyst raised concerns in the comment section, explaining the potential drawbacks of Binance’s listing and delisting strategies. According to the analyst, new tokens often experience hype-driven price surges, only to crash by over 95% post-unlock.

“New listings are overhyped, then crash hard. Old coins get delisted or monitored when they no longer benefit Binance or show low trading volumes,” the analyst pointed out. This pattern has led some to question whether Binance is repeating the mistakes of other top exchanges like Bittrex and Poloniex, which faced declines after neglecting user interests.

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The analyst added, “Memecoins today, gone tomorrow. If Binance wants to stay #1, it needs to address this imbalance. Retail traders deserve better!”

As Binance continues to dominate the crypto space, the focus now shifts to how the exchange will balance community-driven decisions with the long-term interests of its diverse user base. The crypto community awaits to see if these new voting mechanisms will truly empower traders or if they’ll become another layer of market volatility.