Binance’s co-founder Yi He has addressed concerns regarding the exchange’s token listing criteria following the controversial rise of the Test (TST) token, which briefly achieved a market cap of $500 million. In an interview, He stated that the primary criterion for listing a token is its return on investment (ROI) performance across other centralized exchanges (CEXs). The second factor is the project’s potential to introduce innovation and attract new users, while the third criterion evaluates high-profile projects with considerable market attention. He emphasized that these standards accommodate a diverse range of projects, including popular venture capital tokens and memecoins. Following this, Binance admitted to executing internal measures against misconduct, resulting in multiple dismissals. Most infractions were linked to bribery rather than insider trading, as strict trading restrictions for employees are enforced. The TST token, initially created for educational purposes within the BNB Chain, surged before falling significantly as retail interest drove its price up, despite warnings that the related promotional activities were not endorsements from Binance.

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