Changpeng Zhao, co-founder and former CEO of Binance, criticized the cryptocurrency exchange's token listing process as flawed, urging for better practices among centralized exchanges (CEXs). He noted the rushed timeframe between announcement and listing, which allows price speculation on decentralized exchanges (DEXs) shortly before a CEX listing. Zhao emphasized the need for a longer notice period, as quick listings can lead to significant selling pressure after tokens are introduced on CEXs. Following the listing of the Test (TST) token, which briefly surged in market cap due to meme promotion, Zhao acknowledged the necessity for improvement, suggesting that CEXs should consider automatic listings like those on DEXs. He remarked on the challenges in CEX token management, especially as many listed tokens devalue shortly after launch, advocating for a shift towards more transparent and efficient listing procedures, reflecting changes in the cryptocurrency landscape.

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