So are we not going to talk about Binance quietly listing their own leveraged tokens a month and a half after delisting FTX's leveraged tokens? Are we not going to talk about CZ claiming it was because he wanted to protect users?
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Exactly as I thought, Binance blamed the change of their position on a "new better version" that "does not house forced rebalancing outside of necessity." But it's basically just another cash grab where they want to make the cut themselves
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If I were to guess, CZ's tweet will go something like this. "bla bla as you know we always pledge to protect our users and we've had users ask for this, which is why we are listing our new leveraged token that is designed specifically to prevent long term losses of our users"
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Binance PR purposely released this news yesterday when everyone was talking about the halving. They know they are in the wrong here so let's actually talk about it. Binance doesn't care about customers, it cares about making as much money as possible while it still works
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In short, I can't really imagine something more hypocritical than this move. And I don't understand why no one is talking about it
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As expected, not only did Binance come out with their own token, they made it less transparent CZ style, which could really mess up the users as well. No surprise there twitter.com/zhusu/status/1
This Tweet is unavailable.
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