Controversies surrounding token listings, the depegging of the FDUSD stablecoin, and allegations of unethical behavior have raised a significant ask: Is Binance losing its credibility?
These issues threaten to erode trust and arena Binance’s standing within the crypto industry.
Binance Struggles to Meet the Customary
One of Binance‘s most pressing issues is the melancholy efficiency of the tokens listed on the switch. As BeInCrypto reported earlier, 89% of the tokens listed on the platform in 2025 recorded negative returns.
Even extra pertaining to, one other file unearths that loads of the tokens listed in 2024 additionally skilled negative efficiency.
Itemizing on Binance became once thought to be a “launchpad” for new projects. Nonetheless, it no longer guarantees success.
A high instance is the ACT token, a meme coin listed on the switch that snappy plummeted. Earlier this week, Wintermute—a essential market maker—dumped a large quantity of ACT, exerting stable downward rigidity on its mark and elevating concerns about the transparency of Binance’s itemizing process.
Such criticism has led the community to deem Binance prioritizes itemizing prices over customers’ pursuits.
Connection to FDUSD
The FDUSD stablecoin has additionally change into a highlight of controversy, with Binance at its heart. FDUSD misplaced its peg, losing to $0.89 after experiences surfaced that its issuing firm had gone bankrupt.
Wintermute, undoubtedly some of the superb FDUSD holders outside of Binance, withdrew 31.36 million FDUSD from the switch at 11:15 AM UTC. This transfer is believed to have exacerbated the depegging effect, sparking dismay within the market.
More pertaining to, a community member claimed that some Binance workers leaked interior facts about the FDUSD incident so they would perhaps perhaps additionally opt whale chat teams.
If exact, this is in a position to severely damage Binance’s recognition and expand predominant questions about the platform’s transparency and ethics.
Overall, the community’s dissatisfaction is growing, with many customers calling for a boycott of the switch. Such negative reactions are shaking particular person self belief within the platform, which became once thought to be an emblem of credibility within the crypto spot.
“Binance this day precipitated massive liquidations on alts listed on their switch. I warned you all the old day about their very dirty tactics, particularly GUN. I refuse to employ Binance #BoycottBinance,” wrote popular crypto YouTuber Jesus Martinez.
These accusations stem from a central declare that Binance prioritizes profits over particular person pursuits. Over the final few months, the community has continuously criticized its itemizing approach, arguing that the switch specializes in “shitcoins” to amass high itemizing prices without serious about mission quality.
Even supposing the switch currently launched a community balloting mechanism to resolve on listings, this is in a position to perhaps perhaps no longer be sufficient to silence the criticism.
As a Tier-1 switch, the firm is evaluated basically based entirely on trading volume, safety, regulatory compliance, and community trust. Nonetheless, contemporary events counsel that the switch is struggling to withhold these standards.
