加密貨幣清單的表現優於傳統股票清單

集中式加密貨幣交易所（CEXS）的令牌上市程序引發了重大爭議

Cryptocurrency listings have outperformed the average of traditional stock listings, despite recent community criticism regarding the manipulation potential of token listings on centralized exchanges.

儘管最近的社區批評對集中式交易所的代幣列表的操縱潛力，但加密貨幣上市的表現卻優於傳統股票清單的平均值。

Token listing procedures on centralized cryptocurrency exchanges (CEXs) drew significant controversy after Changpeng "CZ" Zhao, co-founder and former CEO of Binance, called the process flawed after disappointing performances of some token listings.

集中式加密貨幣交易所（CEXS）上的代幣清單程序在聯合創始人兼前首席執行官Changpeng“ CZ” Zhao之後引起了重大爭議，稱該過程在某些標記清單令人失望的表演後有缺陷。

After smashing through several all-time highs in 2021, the crypto market entered a bear market in 2022, which bled into 2023 and 2024. The crypto market saw a strong rally in early 2024, but prices stalled in the second quarter.

在2021年粉碎了幾個歷史最高點之後，加密貨幣市場於2022年進入一個熊市，流向了2023年和2024年。加密貨幣市場在2024年初進行了強烈的集會，但價格在第二季度停滯不前。

Despite the criticism, crypto exchanges have outperformed traditional stock exchanges in terms of listings with positive returns on investment (ROI) and average ROI, according to an April 3 CoinMarketCap report shared exclusively with Cointelegraph.

儘管受到批評，但在4月3日與Cointelegraph共享的CoinMarketCap報告顯示，在與CoinMarketCap的一份報告中，加密交易所的表現優於傳統證券交易所（投資回報率（ROI）和平均投資回報率）。

Over the past 180 days, crypto exchange listings had an average return of over 80%, outperforming the largest traditional stock indexes such as the Nasdaq and Dow Jones, as well as Bitcoin (BTC) and Ether (ETH).

在過去的180天中，加密貨幣交易所上市的平均回報率超過80％，表現優於納斯達克和道瓊斯（Dow Jones）等最大的傳統股票指數，以及比特幣（BTC）和Ether（Ether（ETH））。

CEX listings, top indexes, average ROI. Source: CoinMarketCap

CEX列表，頂部索引，平均投資回報率。資料來源：CoinMarketCap

The 80% return refers to the average performance of all listed tokens by the seven major exchanges, including Binance, Bybit, Coinbase, OKX, Bitget, Gate and KuCoin.

80％的回報是指七個主要交易所中列出的令牌的平均性能，包括binance，bybit，coinbase，okx，bitget，gate和kucoin。

Moreover, 68% of crypto exchange listings boasted a positive ROI, outperforming the New York Stock Exchange's (NYSE) 54% and the Nasdaq's 51%.

此外，加密貨幣交易所清單中有68％的投資回報率超過了紐約證券交易所（NYSE）的54％和納斯達克股票的51％。

Source: CoinMarketCap

資料來源：CoinMarketCap

"This data suggests that crypto exchanges have been making progress in refining their listing criteria and procedures to ensure the selection of promising tokens," the report said.

報告說：“這些數據表明，加密交易所在完善其上市標準和程序以確保選擇有前途的代幣方面取得了進展。”

Cryptocurrencies listed on CEXs generally see huge demand from investors as the exchanges provide significant new liquidity that can boost the coins' price performances after listing.

在CEXS上列出的加密貨幣通常會看到投資者的巨大需求，因為交易所提供了重要的新流動性，可以在上市後提高硬幣的價格性能。

Token-listing criteria on CEXs started garnering attention in November 2024, after Tron founder Justin Sun claimed that Coinbase allegedly asked for $330 million in total fees to list Tron (TRX), a surprising allegation since Coinbase claims to charge no fees for listing new cryptocurrencies.

在Tron創始人Justin Sun聲稱Coinbase據稱要求列出Tron（TRX）的總費用，這是Coinbase據稱，這是一個令人驚訝的指控，這是Coinbase聲稱不收取新的CryptoCurrencies的費用，因此，Coinbase據稱要求Coinbase要求列出3.3億美元的總費用，據稱Coinbase據稱要求Coinbase要求列出3.3億美元的總費用。

Recent investor disappointment with some token listings may stem from historic profit expectations due to the significant upside of numerous CEX-listed tokens.

由於眾多CEX上市令牌的大量上升空間，最近對一些令牌清單的投資者失望可能源於歷史性的利潤預期。

Still, the returns of a cryptocurrency after listing depend on the wider market appetite, a Binance spokesperson told Cointelegraph, adding:

儘管如此，列表後的加密貨幣的回報取決於更廣泛的市場食慾，binance發言人告訴Cointelegraph，並補充說：

"Crypto investors’ expectations for new listings to perform well are understandable and often shaped by the historic success stories of the tokens listed on centralized exchanges," the spokesperson added.

發言人補充說：“加密投資者對新列表表現良好的期望是可以理解的，並且經常會受到集中交易所上列出的代幣的歷史成功案例的影響。”

Binance, the world's largest crypto exchange, listed 77 cryptocurrencies throughout 2023 and 2024, with a 0% delisting rate.

Binance是世界上最大的加密交易所，在2023年和2024年中列出了77個加密貨幣，價格為0％。

Binance announced a community voting mechanism for token listings on March 9, to make the listing process more decentralized.

Binance在3月9日宣布了對令牌上市的社區投票機制，以使上市過程更加分散。