5 days ago
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The world’s biggest crypto exchange, Binance, is facing mounting criticism from its users. Several issues have raised eyebrows, including poorly performing token listings, the depegging of the FDUSD stablecoin, and claims of unethical practice.
Recent reports revealed that 89% of tokens listed on Binance in 2025 showed negative returns. Tokens from 2024 didn’t perform much better either. Once seen as a launchpad for new projects, Binance listings no longer guarantee success.
The ACT token highlights the issue. After its listing, it dropped sharply in value. Market maker Wintermute reportedly sold off large amounts of ACT, raising doubts about Binance’s listing process.
At the same time, FDUSD—a stablecoin closely tied to Binance—lost its peg, falling to $0.89. This came after reports of bankruptcy at the issuing company. Wintermute later withdrew over $31 million FDUSD from Binance, worsening the depegging.
Some community members claimed Binance employees leaked internal news to select whale groups. If true, this raises serious concerns about transparency.
Users now accuse Binance of focusing more on listing fees than on project quality. The exchange recently introduced a voting system for listings, but many say it’s not enough.
A beacon of trust within the crypto universe, Binance is now besieged. The boycott calls are mounting. If the platform does not address these issues, its reputation may be irreparably damaged.
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