In a recent AMA session on Binance Square, Changpeng Zhao (CZ), the founder and former CEO of Binance, shared his insights on Binance Alpha and the decentralized finance (DeFi) ecosystem. CZ pointed out a common misconception: Binance, as an exchange, provides access but is not responsible for the performance of any particular coin. He urged users to conduct their own research and make informed decisions.
CZ explained that Binance Alpha is designed to provide broad access to the DeFi ecosystem through a centralized interface. “Binance Alpha is pretty much list anything under the sun. It’s not really even a listing,” CZ said, highlighting that the platform offers access to many projects, including those that are still developing.
He stressed that Binance Alpha’s role is to enable users to earn, invest, and provide liquidity to the DeFi ecosystem. CZ noted that if Binance Alpha did not offer this access, Binance would likely lose users who would seek DeFi opportunities elsewhere.
Addressing concerns about the quality of tokens listed on Binance Alpha, CZ clarified that just because a token is available does not mean everyone has to buy it. “The good projects are still going to get more people to buy them. The bad projects will not survive,” he said, drawing parallels to traditional stock exchanges where not every stock performs well.
