Binance Listings Underperform: 80% Decline in Value, -18% Average Yield
CryptoNewsTerminal Staff18 May, 2024
Binance Listings Underperform: 80% Decline in Value, -18% Average Yield
Binance, the world's largest cryptocurrency exchange, has seen a decline in the performance of its listed tokens in the last six months. According to cryptocurrency analyst Flow, 80% of the tokens listed on Binance have declined in value since their listing, with an average yield of -18%. This means that those who bought coins listed on Binance in the past six months have lost about 18% on average. This underperformance is a significant concern for investors, as it suggests that Binance is not doing enough to vet the tokens it lists. It also raises questions about the overall health of the cryptocurrency market, as Binance is one of the most important exchanges in the world. If you are considering investing in a coin that is listed on Binance, it is important to do your own research and due diligence before making a decision. You should also be aware of the risks involved, and only invest what you can afford to lose.
