加密货币清单的表现优于传统股票清单

集中式加密货币交易所（CEXS）的令牌上市程序引发了重大争议

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

尽管最近的社区批评对集中式交易所的代币列表的操纵潜力，但加密货币上市的表现却优于传统股票清单的平均值。

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.

集中式加密货币交易所（CEXS）上的代币清单程序在联合创始人兼前首席执行官Changpeng“ CZ” Zhao之后引起了重大争议，称该过程在某些标记清单令人失望的表演后有缺陷。

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年粉碎了几个历史最高点之后，加密货币市场于2022年进入一个熊市，流向了2023年和2024年。加密货币市场在2024年初进行了强烈的集会，但价格在第二季度停滞不前。

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.

尽管受到批评，但在4月3日与Cointelegraph共享的CoinMarketCap报告显示，在与CoinMarketCap的一份报告中，加密交易所的表现优于传统证券交易所（投资回报率（ROI）和平均投资回报率）。

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).

在过去的180天中，加密货币交易所上市的平均回报率超过80％，表现优于纳斯达克和道琼斯（Dow Jones）等最大的传统股票指数，以及比特币（BTC）和Ether（Ether（ETH））。

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

CEX列表，顶部索引，平均投资回报率。资料来源：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％的回报是指七个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，加密货币交易所清单中有68％的投资回报率超过了纽约证券交易所（NYSE）的54％和纳斯达克股票的51％。

Source: CoinMarketCap

资料来源：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.

报告说：“这些数据表明，加密交易所在完善其上市标准和程序以确保选择有前途的代币方面取得了进展。”

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上列出的加密货币通常会看到投资者的巨大需求，因为交易所提供了重要的新流动性，可以在上市后提高硬币的价格性能。

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创始人Justin Sun声称Coinbase据称要求列出Tron（TRX）的总费用，这是Coinbase据称，这是一个令人惊讶的指控，这是Coinbase声称不收取新的CryptoCurrencies的费用，因此，Coinbase据称要求Coinbase要求列出3.3亿美元的总费用，据称Coinbase据称要求Coinbase要求列出3.3亿美元的总费用。

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

由于众多CEX上市令牌的大量上升空间，最近对一些令牌清单的投资者失望可能源于历史性的利润预期。

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

尽管如此，列表后的加密货币的回报取决于更广泛的市场食欲，binance发言人告诉Cointelegraph，并补充说：

"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.

发言人补充说：“加密投资者对新列表表现良好的期望是可以理解的，并且经常会受到集中交易所上列出的代币的历史成功案例的影响。”

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个加密货币，价格为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日宣布了对令牌上市的社区投票机制，以使上市过程更加分散。