Did Binance Just Drop a Bombshell on Ethereum? CZ Shuts Down Delisting Panic

The crypto world thrives on speculation, but sometimes, the rumors take on a life of their own. This week, panic erupted as whispers of Binance planning to delist Ethereum (ETH) sent shockwaves through the market. The speculation stemmed from Binance’s recent introduction of community-driven listing and delisting features, leading to wild assumptions that ETH could be on the chopping block.

With Ethereum being the second-largest cryptocurrency by market cap, such a move would be nothing short of earth-shattering. However, Binance’s former CEO and founder, Changpeng Zhao (CZ), was quick to slam the brakes on the frenzy.

Binance’s New Model Sparks Controversy

The chaos began when Binance rolled out two major community-oriented features: ‘Vote to List’ and ‘Vote to Delist.’ These tools empower users to vote for tokens they want added or removed from the exchange. The goal? Greater decentralization in Binance’s decision-making process.

However, it didn’t take long for misinformation to spread like wildfire. Soon after the announcement, rumors began circulating that Ethereum was at risk of being delisted due to community votes. Social media exploded with concerned users speculating on the potential fallout.

CZ Crushes the Ethereum Delisting Rumors

As the speculation gained traction, investors grew increasingly anxious. But CZ wasted no time shutting it down. In a blunt response, he dismissed the delisting rumors as complete nonsense, stating that anyone who “believes it deserves to be poor.”

CZ’s sharp rebuttal wasn’t just about addressing the rumor—it was a direct attempt to calm market fears and prevent unnecessary panic selling. His support for Ethereum has been unwavering, and he has repeatedly emphasized the blockchain’s pivotal role in decentralized finance (DeFi).

Interestingly, CZ has even admitted to regretting not investing in Ethereum earlier. Given ETH’s astronomical rise over the years, it’s a rare case of missed opportunity—even for one of crypto’s wealthiest figures.

Binance and Ethereum: A Long-Standing Partnership

Binance listing Ethereum was one of the earliest moves the exchange made after its launch in 2017. Over the years, Binance has expanded its ETH offerings, reinforcing its commitment to the asset.

Currently, Ethereum boasts 15 trading pairs on Binance, including ETH/BTC, ETH/USDC, ETH/USDT, and ETH/FDUSD. The ETH/USDC pair alone saw a staggering $1.54 billion in trading volume in just 24 hours, ranking as the fourth most traded pair on the platform.

Despite market turbulence, Ethereum remains a key player in Binance’s trading ecosystem, further dispelling any notion of delisting.

What’s Next?

While Binance’s new voting system is an innovative step toward community-driven governance, it also opens the door for misinformation to spread. This incident underscores how quickly the crypto market can react to unverified news—sometimes with real consequences.

For now, Ethereum remains firmly in place on Binance, with no signs of delisting in sight. But as always in crypto, staying informed is key. Panic-driven decisions can be costly, and as CZ has demonstrated, not every rumor holds weight.

The takeaway? Don’t believe the hype—always check the facts before making trading decisions.