This conversation has been edited for clarity and length. Besides bubbles and meme coins, he talked about which cryptocurrencies he owns and his promise to donate most of his wealth. Zhao spoke with The Associated Press after his company issued a call for more regulation of crypto markets around the worl d. Such fast growth is drawing in more investors, as well as gaining the attention of regulators around the world. Led by Bitcoin, cryptocurrencies have swelled in value to more than $2.6 trillion, putting them on par with the world's most valuable stock, Microsoft. ![]() But Changpeng Zhao, who goes by “CZ,” does say that it shows the power of decentralization, which has underpinned the huge growth for crypto. He also doesn't want to say if the exuberance for meme coins like Dogecoin is an indication of a dangerous bubble. It does not store any personal data.NEW YORK – The CEO of Binance, the world's largest cryptocurrency exchange, doesn't try to explain why some cryptocurrencies that started purely as a joke have surged so much in price. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. The cookie is used to store the user consent for the cookies in the category "Performance". This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. The cookies is used to store the user consent for the cookies in the category "Necessary". The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". The cookie is used to store the user consent for the cookies in the category "Analytics". These cookies ensure basic functionalities and security features of the website, anonymously. Necessary cookies are absolutely essential for the website to function properly. Currently, both have 3.7 million followers which means they gained 400,000 followers last year. As of late May 2022, both coins had 3.4 million followers. However, the number of followers on Twitter continues to increase similarly. ![]() Both have been performing similarly since last year. In terms of price, SHIB has been moving along with DOGE and other meme coins lately. Today, Shiba’s official Twitter account has reached more than 3.7 million followers. The second largest meme coin is seriously expanding its Twitter community. SHIB set a new record during CZ’s recent statements highlighting its user base and trading volume for listing on Binance. Shiba Inu hits milestone in CZ’s ‘user count’ benchmark ![]() He also noted that SHIB’s competitor, FLOKI Inu, is listed on many exchanges and has a rapidly growing community. However, CZ says the listing process can take time, and they monitor how project metrics change over time. SHIB has been featured on most major exchanges to date due to its high trading volume. If you missed our Twitter Space with you can listen to the full recording here ⤵️ The leading exchange does not consider meme-themed coins negatively, but a coin needs to have a large user base and trading volume. CZ says Binance’s listing team makes decisions based on project metrics. While talking about meme coins, Zhao reported that SHIB was listed because it met the criteria for user count, volume, and demand. What Binance CEO has to say about the Shiba Inu According to the Binance CEO, the leading exchange pays particular attention to the number of users, volume and demand. CZ stated that he was not a decision maker at the listing stage, and that there was a special team for this. However, he adds that some, such as Elon Musk, follow these coins closely.ĬZ was then asked about the possibility of Pepe Coin being listed on Binance, which has recently surpassed SHIB’s trading volume. CZ admits he doesn’t understand meme coins at all. This is where he mentioned the Shiba Inu. During the AMA, Binance CEO briefly shared his thoughts on meme coins.
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