Kyle McCollom
@kyle
Binance is "listing" every DEX token!! Took a lot less time than I expected. This is huge. https://x.com/cz_binance/status/1901926758334501161
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anna
@peace0817
not every，just alpha section. And I swear these tokens must have passed a compliance audit completely or they wouldn't dare go live like this.
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Kyle McCollom
@kyle
My gut is it has to go away from an allowlist towards a blocklist - like Brian's point here: https://x.com/brian_armstrong/status/1883329603239899346 Do you think that's possible for CEXs? I wonder what the experience is like in Binance today with this launch.
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anna
@peace0817
I think its possible. But the primary revenue model for cryptocurrency exchanges hinges on transaction fees. Currently, exchanges face challenges in achieving business growth. This stagnation isn't merely due to the slow pace of token listings limiting user trading options and, consequently, transaction fee growth. More critically, the diminished "wealth effect" associated with new token listings has led to a reduced influx of new users, thereby capping potential transaction fee revenue.
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anna
@peace0817
Liberalizing token listing policies positions centralized exchanges (CEXs) in direct competition with decentralized exchanges (DEXs). This strategy aims to retain existing users by offering a broader array of trading options within the CEX platform. However, without establishing proprietary liquidity pools, CEXs may struggle to match the liquidity offered by DEXs, making it challenging to attract users away from decentralized platforms.
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