In a recent AMA session, Changpeng Zhao, the head of Binance exchange, mentioned the meme coin SHIB, causing a stir among fans of the Shiba Inu-themed cryptocurrency.
The mention was made during a discussion on meme cryptocurrencies, where CZ admitted that he did not fully understand them. However, he acknowledged that there are some people who do, like Elon Musk and others.
Many SHIB fans took to Twitter to inquire about the specifics of CZ’s mention, with some jokingly speculating that he may have referenced SHIB’s recent price drop. The author of the original tweet did not provide any clarification, leaving fans to continue to speculate.
During the AMA session, CZ also discussed Binance’s listing procedure and how they determine which cryptocurrencies to add to their platform.
According to CZ, Binance has a team that reviews user base and trading volume metrics to determine if a cryptocurrency has the potential to sustain its trading activity over time.
CZ emphasized that Binance does not add coins quickly and that they closely monitor the performance of each coin over time before deciding to list it on their exchange.
Although CZ’s mention of SHIB was brief, it has generated significant excitement among the SHIB community. With SHIB continuing to gain popularity, many are eagerly anticipating the possibility of it being added to Binance’s exchange in the future.