CandleFocus Arthur Hayes tells crypto projects paying CEX listing fees is not worth it
2024-10-08
Author: Content Editor
Arthur Hayes, the founder and former CEO of BitMEX, is advising crypto projects to stop wasting money on listing fees for centralized exchanges (CEXs). He argues that paying millions to get listed on major exchanges does not guarantee a price increase for tokens. Instead, he suggests that big CEXs like Binance are the ones benefiting financially while token prices decline. Hayes analyzed 103 projects listed in 2024 and found that their tokens slumped after listing, despite paying substantial fees. He explains that venture capitalists (VCs) are part of the problem as they prioritize high fully diluted values (FDVs) for their own benefit, even if the token's value drops post-launch. Hayes recommends listing on decentralized exchanges (DEXs) first to avoid the expensive costs of CEX listings.
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