Binance has faced criticism over the years regarding its token listings and the impact on token prices post-listing. In response to growing concerns, Binance co-founder He Yi recently acknowledged the issues surrounding price surges after listings and disclosed that the exchange is planning changes to its listing policies.
Binance co-founder acknowledges issues with token price surges after listings
Binance co-founder He Yi said in a Spaces session on X that the exchange will adjust its listing rules based on market conditions and require listed projects to update their information, Odaily…
— CoinNess Global (@CoinnessGL) February 3, 2025
During a recent session on X (formerly Twitter), He Yi discussed how Binance plans to modify its listing rules regarding market conditions. The exchange will now require listed projects to regularly update their information, with the risk of facing warnings or further action if they fail to do so.
Related: Binance Co-founder Confident of Changpeng Zhao’s Situation Ahead of Sentencing
Binance’s Role in Token Airdrops
While the platform uses layers of barriers to isolate listed tokens, He Yi noted that Binance’s involvement with token airdrops often serves as a market reference point. Airdrops can influence the price of tokens, which has raised concerns among traders and analysts in the crypto space.
In the same session, He Yi shared insights into Binance’s internal compliance efforts, pointing out the exchange’s devotion to maintaining legal and ethical standards. Over the past two years, Binance has carried out more than 120 internal investigations related to violations of company policies. As a result of these investigations, over 60 employees were dismissed for misconduct, and more than $30 million in illicit gains were recovered.
Additionally, Binance has built coordination with U.S. law enforcement agencies. According to He Yi, the exchange now works closely with at least two U.S. law enforcement officials whose role is to ensure compliance and facilitate cooperation with authorities.
Related: New Binance Listings See ACT Lead with 2247% Surge
YZi Labs and Binance’s Future
Binance also took the opportunity to clarify its relationship with YZi Labs, formerly known as Binance Labs. He Yi explained that YZi Labs’ leadership has changed, with Ella Zhang now leading the team and former Binance CEO Changpeng Zhao (CZ) directly managing its operations.
In addition to addressing these internal matters, He Yi reiterated that Binance values public oversight and remains open to criticism.
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