Binance Co-Founder Yi He Says 'We Welcome Criticism' of Listing Standards
CryptoNewsTerminal Staff18 Sep, 2024
Binance Co-Founder Yi He Says 'We Welcome Criticism' of Listing Standards
Binance co-founder Yi He told Modern Consensus in an interview earlier today that the exchange welcomes criticism of its listing standards. Binance has been criticized in the past for listing coins of questionable quality, some of which have been accused of being outright scams. He said that Binance is "always open to feedback" and that the exchange is "constantly working to improve our listing process." However, He also defended Binance's listing standards, saying that the exchange has "a very rigorous process" in place. "We do a lot of due diligence on each project before we list it," He said. "We look at the team, the technology, and the market potential." He also said that Binance is "not afraid to delist coins" if they do not meet the exchange's standards. "We have delisted a number of coins in the past," He said. "And we will continue to do so if we believe that they are not in the best interests of our users."
