CZ: Not every project launched on the trading platform should be bought; no one can guarantee that a certain coin will only rise and never fall

CZ responded on social media regarding the "criteria for listing coins on trading platforms to ensure they are suitable for users to buy and hold, rather than projects that go to zero and exploit investors," stating,

"If we follow this logic, it would have been enough for Nasdaq to only list these 10 leading internet companies since 1990. However, in reality, there were thousands of internet startups 30 years ago, and no one could predict which ones would ultimately become giants.

No one can accurately predict the future development of a project, nor can anyone guarantee that a particular coin will only rise and never fall. The responsibility of the trading platform is to provide opportunities for projects that are striving to develop, rather than making investment judgments for users. Not every project listed on the trading platform needs to be purchased; users still need to do their own research (DYOR)."

According to previous news from ChainCatcher, CZ's statement on "buying and holding" has been questioned: if one had bought all the coins listed on Binance contracts last year, the investment would have gone to zero.