CZ Advocates Automatic Listings After TST Controversy

Changpeng Zhao (CZ), co-founder of Binance, has expressed concerns regarding the centralized exchange's token listing process, particularly following the controversial listing of the Test Token (TST). In a series of posts, he criticized the process as 'broken,' highlighting the significant price fluctuations that occur when announcements are made just hours before a token goes live. Zhao suggested that centralized exchanges should consider adopting a more automated listing approach similar to decentralized exchanges to stabilize prices and reduce speculation. He clarified that TST was a tutorial-based token not endorsed by Binance, and its listing was driven by market demand rather than any endorsement from him or the platform. The community's response to TST has led to unauthorized use of Binance's branding, which Zhao denounced as an infringement. He emphasized that exchanges must compete to list popular coins, urging projects to focus on developing their offerings rather than seeking exchange listings directly.