OKX Founder Explains Strategy Of Skipping Solana Memecoin Frenzy

Key Points:

• OKX CEO, Star, clarified that their primary goal is to list valuable early-stage utility tokens and their listing committee operates independently.
• Changpeng Zhao, former Binance CEO, stated that user demand is the primary factor for coin listings and emphasized their strict policies against insider trading and leaks.

OKX founder explains their independent token listing process, while ex-Binance CEO, Zhao, emphasizes user demand in listing decisions.

Meme coins has been becoming a hot topic in recent times. The listing of these coins on major exchanges has sparked debates and discussions across the crypto community.

OKX Founder Explains: Why No Recent Solana Memecoin Listings

Recently, OKX, the second largest offshore exchange, has been under the spotlight for its lack of Solana-related Meme coin listings.

The CEO of OKX, Star, took to Twitter to clarify the exchange’s stance on listing new coins. He emphasized that the goal of the OKX listing team is to discover valuable and early-stage utility tokens for their customers.

He further stated that their listing committee operates independently and does not entertain external influence. He also discouraged users from pushing tokens to the OKX team members on Twitter.

The thereof discussion was ignited when an account named Kryptocoins urged Haider, the Chief Marketing Officer of OKX, to consider listing XEP, the Electra Protocol.

Meanwhile, Changpeng Zhao, the former CEO of Binance, one of the world’s largest cryptocurrency exchanges, shared his perspective on the Meme coin phenomenon.

Readmore: Solana Memecoin Slerf Burns $10 Million In Presale Funds: A Novel Case Study

Former Binance CEO’s Perspective on Meme Coins

While he admitted his lack of understanding for Meme coins, he highlighted that user demand is the primary factor for listing a coin on Binance.

“I personally never really understood meme coins. But if a coin has a lot of users trading it, wanting it, playing with it, etc., then we’ll most likely list it.”

CZ said

He also stressed that Binance has strict policies against insider trading accusations, leaks, and encourages confidentiality during listing talks.