🚀💸 “Crypto’s Dark Horse: 80% Returns Amidst Chaos?”
As I sat in my dimly lit study, sipping on a lukewarm tea, I stumbled upon a most peculiar phenomenon – the enigmatic world of cryptocurrency listings. Like a phoenix rising from the ashes, these digital tokens have outperformed the venerable Nasdaq and Dow IPOs, boasting an average return of over 80% 🤯. One can’t help but wonder, is this a clever ruse or a genuine stroke of luck?
Changpeng “CZ” Zhao, the illustrious co-founder and former CEO of Binance, had once proclaimed the token listing process on centralized exchanges (CEXs) to be “flawed” 🙄. And yet, like a skilled tightrope walker, crypto exchanges have managed to balance the odds, outshining traditional stock exchanges in terms of listings with positive returns on investment (ROI) and average ROI, as revealed in an April 3 CoinMarketCap report 📊.
Over the past 180 days, the crypto exchange listings have danced to the tune of an average 80% return, leaving the likes of Nasdaq, Dow Jones, Bitcoin (BTC), and Ether (ETH) in their wake 🕺. This remarkable feat is attributed to the collective performance of tokens listed on seven major exchanges, including the aforementioned Binance, Bybit, Coinbase, OKX, Bitget, Gate, and KuCoin.
A staggering 68% of crypto exchange listings have yielded a positive ROI, eclipsing the New York Stock Exchange’s (NYSE) 54% and the Nasdaq’s 51% 📈. One might say, the crypto exchanges have refined their listing process to a tee, or have they simply been blessed with a dash of good fortune? 🤔
“This data suggests that crypto exchanges have made progress in refining their listing,” the report stated, with a hint of optimism 🌞. After all, who wouldn’t want to believe in the promise of crypto’s golden goose? 🐓
Cryptocurrencies listed on CEXs are often met with fervent demand from investors, as these exchanges inject a significant dose of liquidity, sending the coins’ price performances soaring after listing 🚀. Ah, the allure of easy wealth, how it tantalizes the senses! 😏
And then, of course, there was the infamous allegation by Tron founder Justin Sun, claiming Coinbase had demanded a whopping $330 million in total fees to list Tron (TRX) 🤑. Coinbase, however, maintains that it charges no fees for listing new cryptocurrencies 🙅♂️. Ah, the plot thickens, like a rich, Russian novel 📚.
Token Listing Performance: A Delicate Dance with Fate
Binance, the world’s largest crypto exchange, attributes the recent investor disappointment with some token listings to the lofty profit expectations, born from the significant upside of numerous CEX-listed tokens 📊. A Binance spokesperson philosophized:
“Outcomes can vary depending on broader market conditions. As the industry matures, we’re seeing reduced volatility compared to earlier cycles — a shift that reflects greater stability and long-term sustainability in the crypto market.”
Indeed, the crypto market’s maturity is a tale of twists and turns, much like a Chekhovian drama 🎭. Binance, having listed 77 cryptocurrencies throughout 2023 and 2024 with a 0% delisting rate 🙌, has recently introduced a community voting mechanism for token listings, in a bid to decentralize the process 🗳️.
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2025-04-03 15:07