2023-05-22
Justin Sun has spoken about Huobi and Poloniex's process for listing "meme coins." and argued that Binance's high listing standards allow small trading sites to grow.
Sun claims that Binance may be the largest trading site by market share, but it is not the best place to trade small meme coins.
"Binance these days has a very high standard of listing crypto assets. [A coin] needs to be at least $100 million or even $1 billion to get listed on Binance in the first place. So that's why I think this leaves a very big room for other exchanges to grow."
Justin Sun himself recently announced on Twitter that he would start trading
meme coins for "fun."
