- He plans to shed meme tokens on these exchanges
- San said Binance is not the best place to trade such coins
CEO Huobi and Tron founder Justin Sun said he plans to rebuild and revive cryptocurrency exchanges Huobi and Poloniex. To do so, he will list meme tokens on those platforms.
In one episode of The Scoop’s fifth season, San talked about the procedures for listing new memcoins on Huobi and Poloniex.
He also said that Binance’s high listing standards offer growth opportunities for smaller exchanges.
“Binance may be the largest exchange by market share, but it is not the best place to trade small memcoins.
They have very high standards for listing cryptoassets. To be listed on Binance, a coin must have a capitalization of at least $100 million or even $1 billion.
That’s why I think it leaves a lot of room for other exchanges to grow,” Sun said.
He recently wrote on Twitter that he would trade mem-tokens for fun, and he would donate any possible profits to charity.
“I trade ‘coins’ for my own pleasure.. Remember, before you invest in something, always do some preliminary research,” stated Justin.