At a recent Q&A, Binance CEO Changpeng Zhao (CZ) shared some insights on how the exchange decides which altcoins to list on its platform.
CZ explained that Binance hopes to list projects that have a clear use case and a product that solves a problem or provides value to users. He stated that the team behind the project should not be obsessed with being listed on Binance, but instead focus on developing and improving their products.
He also said that if the project doesn't have many users, Binance should thoroughly evaluate its product, team, history and other aspects. He added that some projects may have very famous or experienced teams, which can increase their chances of being listed.
However, CZ also gave some clues in his previous statements about altcoin listings.
CZ stated that the application should be made by the CEO himself, and that it is highly likely that they will not be contacted by Binance after they apply.
In addition, it is emphasized in the official blog post that listing fees are charged for the projects to be listed by the company.
*Not investment advice.
