Changpeng Zhao Said Binance Does Not List ‘Shitcoins’ and Urges Developers to Focus on Quality

Binance is one of the most important virtual currency exchanges all over the world and it lists a wide variety of tokens. But after receiving some criticism from developers he said that the exchange does not list ‘shitcoins.’

Binance is not an exchange for low quality tokens, explained Zhao on Twitter. In a series of tweets written on August 11, the founder of the Binance decided to answer to Expanse creator, Christopher Franko, who claimed that the exchange asked for 400 BTC for listing an altcoin.

Changpeng Zhao said that coins such as Ethereum (ETH), NEO, XRP, Monero (XMR), or Litecoin (LTC), were listed with no fee because they are quality coins. All of them have developers behind that work day after day to create good and reliable products.

“We don’t list shitcoins even if they pay 400 or 4,000 BTC,” he said.

Some users complained to Changpeng Zhao about this situation because Franko had uploaded a screenshot of an email showing the rates that the exchange was asking for. But binance CEO noted that the exchange ‘never’ gives out quotations through emails.

And the discussion didn’t up there,

Zhao commented:

“Project owners should be able to stop email spoofing, those who can’t should not issue a coin. The communication process/method tells a lot about a coin.”

At the moment, Binance is working in a decentralized exchange that could replace the current traditional platform. Additionally, he explained that the complaints about listing fee come from projects that were not accepted at the exchange.

“It’s not the fee, it’s the project,” he stated.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Avatar
Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,444FansLike
2,795FollowersFollow
4,192FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Despite Testing $10,000 Multiple Times, Bitcoin Bulls May Not Arrive Yet

Yet another week of bitcoin testing $10,000 and we are back at trading around $9,600. Since the halving on May 11, the digital currency...

#DeleteCoinbase Trending After the Coinbase Exchange's Deal with DEA & IRS Becomes Public

Cryptocurrency exchange Coinbase intends to sell its blockchain analytics software called Coinbase Analytics to two US government agencies. As per the public records, the Internal...

Top UN Blockchain Expert Believes Digital Currencies And CBDC's Pose a Threat To Bank Accounts

Top U.N. official says digital assets, particularly central bank-issued digital payment systems may soon replace bank accounts due to the low-interest rates. Massimo Buonomo,...

EU’s Law Enforcement Agency, Europol, Targets Bitcoin Privacy Tool Wasabi Wallet

Europol, the European Union’s Law Enforcement Agency recently released a two-part report analyzing the impact of privacy tools in crimes related to cryptocurrency. Privacy...

Andrew Yang's Former Aide Seeks Congressional Run in NY-10; Sets Eyes on UBI and Crypto

Jonathan Herzog, a crypto advocate and former aide at Yang's campaign, has launched his congressional run for New York's 10th District. The 26-year-old started...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today