Binance co-founder He Yi recently addressed accusations of front-running and clarified the exchange’s investment and listing standards in an interview. Front-running refers to when a market participant takes advantage of non-public information or pending orders for their own benefit. He Yi stated that certain tokens will not be listed on Binance if they are widely hyped and expected to be listed elsewhere to avoid accusations of front-running. Binance has strict standards for listing, including technical basis, market potential, popularity, and investment support.
He Yi explained that Binance conducts internal reviews of projects every cycle and follows a multi-layered evaluation process to ensure the project meets their standards. The decision to list a project is not made by a single person but through a thorough evaluation process. The criteria for listing on Binance include technical and market basis, popularity and interest, investment support, and project life cycle. Projects that meet these criteria are pooled for observation and evaluation.
Yi also highlighted the challenges users face in terms of their expectations for high returns. While many cryptocurrency users expect significant returns, traditional investors are content with lower annual returns. As competition increases, high return opportunities become less common. He emphasized the need for users to understand the industry’s evolution and adjust their expectations accordingly.
Regarding listing options, He Yi acknowledged that no matter the project listed, there will always be dissatisfied users. Binance aims to offer popular and reliable projects in demand in the market, but this does not guarantee an increase in the project’s value. He emphasized the importance of understanding market fluctuations and cycles. He also clarified that Binance has minimal investment in most coins, holding only a small percentage, which suggests that claims of interest in listed coins require substantial evidence.
He Yi’s interview shed light on Binance’s listing standards and investment practices, emphasizing the importance of selecting projects based on technical basis, market potential, popularity, and investment support. By following a rigorous evaluation process and ensuring alignment with regulatory standards, Binance aims to offer users access to popular and reliable projects while managing user expectations regarding returns and market fluctuations. Additionally, the exchange’s limited investment in listed coins contributes to its commitment to aligning interests and maintaining transparency with its users.
