Binance listing too much meme coin

[asriloni]

I don't even see Binance as a prestigious exchange site anymore. It's very often listing the shit scam token. I meant this may be binance's initiative to do insider trading.

Binance is there to do business and earn money. If people are showing interest in any token they will try to list it on their site too. If the trend is of meme tokens, then they will list popular meme tokens that they think can generate high trading volume. The more the trading volume, the more money the exchanges can make in terms of fees and liquidations.

If they do not list them, people will trade them on other exchanges, and they do not want to lose customers. Similarly, if the trading volume decreases considerably on any coin/pair, they will delist them.

The fact that binace was also often listing token who has no demand. I can also mention some tokens like Cetus and Cow. These protocols have less demand, but those are getting massive after binance listing announcement published.

 I know Binance is also seeking for the trade fees and volume from the traders, but massively listed meme tokens is really unacceptable.

[betswift]

Binance is even better. Go and see how exchanges like MEXC are listing coins. I have no exchanges to blame. If you do not list coins that people are talking about, people will go to other exchanges for the coins. It is people that should make their own research to know the right coins to buy.

It is a trend and a possibility of profit - why not hop in?
That's my thoughts if I were an exchange 

[bettercrypto]

Binance has now left its old quality and prestige behind, they have listed tons of tokens on exchanges.
In the past, tokens to be listed would go through a strict selection process when they were going to be offered to the public. Now, the coins to be listed on Binance are not even exciting.
Binance has managed to impress everyone in the past years, it was obvious that this success would not last long. One is full of shit coins with a shit meme list and one with a non-meme shit coin.

If we compare it to before, Binance was very strict about the cryptocurrencies that would be listed on their platform, the fact that if it was listed, the crypto asset that was listed on their
platform was definitely good.

But now it's not like that, and I still understand that somehow, because Binance's marketing behavior so far is that they can just go with the flow where there is a trend for sure. If there is a trend, they go with the hype. Look at what happened to Nokia, they didn't adapt the android system, what happened to Nokia, they were left behind because they didn't go with the trend, But they adapted Samsung and Iphone, look at them until now, they are still popular, so it seems like this is what I see on Binance.

[justdimin]

Binance is top 1 in terms of Cex ranking but Binance does not provide financial advice to anyone.  When Binance lists a token they charge a listing fee for it which is very profitable for them and they bump their BNB coins through the token's Launchpool. BNB is their own coin and they use Launchpool strategy to increase the marketcap and price of this coin and for this they are constantly listing new coins. so do a good analysis before investing in any coin because you always have to be responsible for your loss and that loss will weaken you financially.

I wish more people knew this. The reality is we are not going to end up with a much profit with investing based on just whatever Binance lists, that's the most important part, if you can do a good job with that then you are going to end up checking out what we are dealing with.

Of course it is not that easy to find other stuff, but Binance isn't listing tokens and coins and saying "look how great this is, put your money in!" they are just listing it, and letting you decide, which is why I believe that we are going to see this changing eventually and Binance will be responsible based on what they list as well, regulations will come for that but I am not sure how long it will take or when that will happen, this is why binance will not be able to list this easily.

[Jegileman]

Binance is a financial institution that their main aim is for solely making profit. Gone are those days when they’ll prioritize making a prestigious name over listing such coins. Even with the competition of exchanges in the crypto market, I don’t see binance one less to them as an equal competitor. They stand out in their own ways and even as they tend to list more memecoins, I know it’s solely for the profit sake. The market already changed direction and has made a lot of people to have more believe in memecoins than they do on other more solid coins. So their financial analyst must have given them an insight of where they should focus on and make the most money in this era in the crypto space.

[EarnOnVictor]

As the title implied. I’m just disappointed on the current credibility of Binance since they keep listing meme coins that typically dump hard after few days of listing that doesn’t recover.

I see it differently though. Binance is an exchange I know that tread cautiously, it doesn't list coins and tokens anyhow, to the point that I stop using it in my search for new coins/tokens because it makes me miss too many opportunities for good ones. It's also in the habit of delisting some coins after they fail the monitoring stage, I see no fault in such an exchange in this context even as they have the right to list and delist, it's business. It's the investor who should make the informed decision.

[milewilda]

Binance is even better. Go and see how exchanges like MEXC are listing coins. I have no exchanges to blame. If you do not list coins that people are talking about, people will go to other exchanges for the coins. It is people that should make their own research to know the right coins to buy.

It is a trend and a possibility of profit - why not hop in?
That's my thoughts if I were an exchange 

Business is business and its normal that you will be having that kind of seeing about making money and if you do saw on whats the current trend then you would definitely be diving in and as an owner then you will be definitely be reconsidering out on accepting meme coins because you will be that seeing out that you can make that big amount or revenue considering that there are tons of people who are really that getting fond on dealing up with meme coins and if we do tend to look or base up on how big the volume does meme coin do really makes then you could be able to tell that this is something an opportunity that you do really need to consider and its none of our business of Binance would really be that accepting memecoins as much as they could and since this is business just like we do all know then they do have the full rights on what they should gonna do. Some are really just that too sensitive because they dont want for a 1st tier exchange to accept tons of worthless coins on which this is actually that true or have some point but since this one talks about money then its not already that they would really be having such reconsideration. So it will really be that better that you shouldnt really be that making yourself that be stressed on what they do because its business and its none of our concern. Why would that making yourself that getting too in concern when it comes into this manner on how they will be handling out their business?

[MaxLevCoin]

binance's listing of meme coins can be problematic becasue they often draw in inexperienced investors looking for quick profits. After the initial hype, these coins usually don't hold value. I feel that exchanges should take more responsibility for the tokens they list focusing on those with strong teams and clear goals to avoid potential scams

[tygeade]

Business is business and its normal that you will be having that kind of seeing about making money and if you do saw on whats the current trend then you would definitely be diving in and as an owner then you will be definitely be reconsidering out on accepting meme coins because you will be that seeing out that you can make that big amount or revenue considering that there are tons of people who are really that getting fond on dealing up with meme coins and if we do tend to look or base up on how big the volume does meme coin do really makes then you could be able to tell that this is something an opportunity that you do really need to consider and its none of our business of Binance would really be that accepting memecoins as much as they could and since this is business just like we do all know then they do have the full rights on what they should gonna do. Some are really just that too sensitive because they dont want for a 1st tier exchange to accept tons of worthless coins on which this is actually that true or have some point but since this one talks about money then its not already that they would really be having such reconsideration. So it will really be that better that you shouldnt really be that making yourself that be stressed on what they do because its business and its none of our concern. Why would that making yourself that getting too in concern when it comes into this manner on how they will be handling out their business?

Yeah, any business that wants more profits will do whatever is needed and that is how they will improve, there isn't a situation where you could make more money in some other way, so you need to reach to a point where you could make more money.

I am sure that we are going to be dealing with more profit one way or another, but because it doesn't look like we are going to have a hard time, we are dealing with much more difficult situation in the end. Obviously we are going to see this changing for the long term, but that doesn't mean that we need to be doing more right now, when Binance saw the chance, they took it and they just made more profit, that is all they should care about as a business since that's their only reason to exist, to profit.

[bSpend]

As the title implied. I’m just disappointed on the current credibility of Binance since they keep listing meme coins that typically dump hard after few days of listing that doesn’t recover.

This token is a money pit which Binance allows. They put risk to all their customers and they allow scammer developers of shit meme coin to milk profit from their user. Without Binance listing these memecoins will never have a spot light from investors.

Major exchange should control the meme coin listing imho.

Very much in support of what you have said, but on the other hand, we don't see projects with good utilities anymore, and finding investors to invest in utility project have become another hassle on its own, most people have gone really crazy about meme coins and exchanges like Binance and the rest can't do nothing except give the people what they want (list the meme coins) or risk losing some of their users to other exchanges.

So, this i would say is investors fault and not entirely or completely the fault of the exchanges.

*by exchanges, I mean exchanges in general, not just Binance.

[Tmoonz]

As the title implied. I’m just disappointed on the current credibility of Binance since they keep listing meme coins that typically dump hard after few days of listing that doesn’t recover.

This token is a money pit which Binance allows. They put risk to all their customers and they allow scammer developers of shit meme coin to milk profit from their user. Without Binance listing these memecoins will never have a spot light from investors.

Major exchange should control the meme coin listing imho.

It is obvious that Bianca is also interested in what they achieve from those projects being listed in their platform regardless of whether they are meme or not, they are interested in maximizing profits with their platform. However, it is a personal decision for anyone to get involved or in terms with a meme coins let's not completely blame the exchanges where they are being listed, the truth is no one should risk what they can not  afford to lose because it is no longer new how those meme coins are liable to become a scam project.

[Kavelj22]

binance's listing of meme coins can be problematic becasue they often draw in inexperienced investors looking for quick profits. After the initial hype, these coins usually don't hold value. I feel that exchanges should take more responsibility for the tokens they list focusing on those with strong teams and clear goals to avoid potential scams

I doubt that Binance is partly or fully responsible for the development of the meme token projects it lists, because there is no logical reason that could explain why a platform the size of Binance would risk its reputation by listing fake projects with no solid foundation that could convince users. These listed projects are not found on other platforms and often the project does not have any official channels to get to know the development team.

[Josefjix]

Binance is even better. Go and see how exchanges like MEXC are listing coins. I have no exchanges to blame. If you do not list coins that people are talking about, people will go to other exchanges for the coins. It is people that should make their own research to know the right coins to buy.

It is a trend and a possibility of profit - why not hop in?
That's my thoughts if I were an exchange 

I understand your points, but Binance before don't follow trends, they only prioritize to list the best among coins that trend. For example, Shiba was the best memecoin that was selected to be listed on all the exchange especially Coinbase. Binance nowadays prefer profit than protecting their customers because they way they list coins is extremely much without research I think. Binance was known to list highly reputable tokens that got use cases and volatility, but it seems to be different these days and personally, I don't trust Binance again because they are acting strange and becoming like other low exchange I know. It's disgusting to be honest.

[AVE5]

Major exchange should control the meme coin listing imho.

 You're right. Since binance has been such a reputable and a most dominance exchange, investors and crypto users who had find it difficult to know which coin has potential valuables and the shit coins, they've been to an extend relied on the coins to be listed in the exchanges to be worth adopted of good values.
Perhaps such exchange can as much lay performances of fighting against such tokens that're primarily and temporarily garnished with the techniques of scamming it users by ignoring to list the coin on it platforms. I don't really know if the binance regulatory authority even realizes that the more they keep promoting such shit Coins is the more users are loosing trust on them because it ideologically mean they're working hand in hand whether that's true or not.
So it'll be good if the exchange scrutinizes the tokens before listing them out.
Such drastic action would definitely reduce the enhancement of those shit coins

[Hagart]

Well, Binance is an exchange, a business, and as in any business what is always sought is economic benefit, so we should not be surprised by what Binance (and many other exchanges) does when listing memecoins. The “seriousness” that we could see years ago in Binance seems to have disappeared with its old and original CEO, or so at least some users believe.

No matter how many memecoins appear on the market every day, as long as they make (a lot) of money, they will be on Binance and other exchanges.

[markm]

In order to be "just a common carrier" not responsible for products carried, one must I thought not examine the product just carry the package contents unknown.

So any pretence at all at actually caring whether product is illegal ponzi for example or legit security etc probably carries responsibility for what one carries?

If indeed they qualify as a common carrier then carrying any security from anywhere ought evade securities laws since they don't know nor care what it is, security or not, that would be between the outsider asking it to be listed or providing it none of the common carrier's concern nor responsibility.


-MarkM-

[markm]

Maybe a meme-coin creation tool that uses a special contract would be handy, a contract from which they are bought and which buys them back for 99% or 90% or whatever of what it sells them for?

I mean the contract the coin actually uses does that, not that only the creation tool does it but that the tool creates coins that use such a contract.

Basically a "money back if not satisfied" contract. Lifetime option to sell back. I doubt that memes would do it, even do it with duration until X days after launch or X days since your purchase.


-MarkM-

[Taskford]

The issue with meme coins is that they often lack the fundamentals to maintain value. When exchanges list them without enough scrutiny, it leaves users vulnerable to significant losses. I think a more cautious approach from platforms like binance with better screening processes could help protect users and create a more stable market

This is really the main disadvantage of this coin that discourage me because I really don't like those lack of fundamental things since usually what we see out there that meme coins is just driven by hypes. Maybe at this point Binance just don't care about what they are listing and also this exchange is riding the fame then the profit they can get from meme coin.

That's why I really didn't bother to think about trading those meme coins there and decide to buy bitcoin or choose those top reliable altcoins in the market. To many people would provably lose their money especially if they continue to list those shitcoins in their exchange.

[Yucky]

I know I had more hope on Hamster kombat when Binance listed it, so I was anticipating something good, but to my utmost dismiss it was worse than what I thought, and I began to wonder that that's not the Binance I know. I previously know that once a coin is listing on it, they have high potentials of listing the least average price.

But from that time I started doubting on these exchanges and try to understand them from the business point, that  Hamster kombat had a lot of crowd, and people were anticipating Binance to list it, so maybe if they didn't, they would have lost customers. so they had to get in the business and list them, I see it same with other exchanges, however they partner with these memecoins or shitcoins to list that favors them, they go ahead to do it, so we shouldn't take it personally.

[jaberwock]

70% of them are retail traders who only hope to make a big profit from the memecoins they buy after listing on Binance, but then the dump keeps happening and even these memecoins will be difficult to reach the new ATH again.

Binance is really the ultimate destination or even the current landfill for listed memecoins,
this started when PEPE was listed and then there were more memecoins that I didn't even expect to be listed on Binance like ACT and PNUT.

While very ambitious projects do not get a place on binance because they are certainly short of money to be listed on Binance or maybe with the condition "Give your supply, then it will be listed on binance"

Now Memecoin with the narrative "Ai Agent" has become more dominant and there are more Ai Agents memecoins listed on Binance to date

How accurate that 70 percent? I think that is a lot, although maybe that is also true since retail trading seems a bit easier than the others out there. It is only crazy on why many of them are still losers. Binance is still strict after all, so not all meme coins can enter them. Those low quality exchanges are the real ones that can have that title of 'landfill of meme coins'. All projects are ambitious, though like you said, not only all has the budget to get listed (unfortunately) but that is a good idea if supply can be a valid payment. It is just that Binance will still choose the ones that they think has a potential or on hype already, so that they won't end up with a useless coin/token.