CZ has publicly stated Binance's DEX strategy to eliminate the listing effect.
A group of people are misrepresenting the concept of DEX self-custody. There are hundreds of millions of coins on DEXs, so why doesn't every coin have liquidity and trading volume?
That's because of the buying pressure and attention brought by CEXs.
Why can these North American VCs cash out their schemes? It has nothing to do with the projects themselves; it's because of the volume brought to them by the exchanges.
They enjoy the exit liquidity provided by CEXs while simultaneously criticizing the exchanges. Isn't it simply because their coins aren't listed?
If you're so capable, try maintaining volume and buying pressure even when listed on a DEX. Such coins do exist, but the question is, can they do it? Would they dare invest in such projects?
Every VC knows this perfectly well behind closed doors. They come to China several times a year; do you all think they're here to preach?
