Debates regarding token listings, the depegging of the FDUSD stablecoin, and accusations of unethical practices have prompted a significant inquiry: Is Binance losing its integrity?
These complications pose a risk to trust and challenge Binance’s reputation within the crypto sector.
Binance Faces Challenges in Upholding Standards
A major concern for Binance is the dismal outcomes of the tokens available on the exchange. As BeInCrypto highlighted previously, 89% of the tokens listed on the platform in 2025 yielded negative returns.
Even more alarming, another analysis indicates that a majority of the tokens listed in 2024 also faced negative performance.
A listing was previously perceived as a “launching pad” for emerging projects. However, it no longer assures success.
A notable illustration is the ACT token, a meme coin listed on the exchange that swiftly declined. Earlier this week, Wintermute—a prominent market maker—liquidated a substantial quantity of ACT, applying significant downward pressure on its price and raising doubts about the transparency of Binance’s listing process.
This kind of critique has led the community to suspect that Binance gives priority to listing fees over the interests of its users.
Link to FDUSD
The FDUSD stablecoin has also emerged as a center of controversy, with the spotlight. FDUSD lost its peg, sinking to $0.89 after reports indicated that the issuing company had declared bankruptcy.
Wintermute, one of the largest holders of FDUSD outside of Binance, withdrew 31.36 million FDUSD from the exchange at 11:15 AM UTC. This action is believed to have intensified the depegging scenario, inciting panic in the market.
Adding to the concerns, a community member alleged that certain employees leaked confidential information regarding the FDUSD situation to prioritize selected whale chat groups.
If accurate, this could significantly harm reputation and raise serious concerns about the platform’s transparency and ethical practices.
Overall, community dissatisfaction is on the rise, with many users advocating for a boycott of the exchange. Such adverse reactions are shaking user faith in the platform, which was previously regarded as a hallmark of integrity in the crypto domain.
“Binance today caused massive liquidations on alts listed on their exchange. I warned you all yesterday about their very dirty tactics, specifically GUN. I refuse to use Binance #BoycottBinance,” commented renowned crypto YouTuber Jesus Martinez.
These allegations arise from a central concern that Binance emphasizes profit over user welfare. In recent months, the community has consistently criticized its listing approach, claiming the exchange prioritizes “shitcoins” to reap substantial listing fees without regard for project caliber.
Although the exchange recently launched a community voting system for determining listings, this may not suffice to quell the criticism.
As a Tier-1 exchange, the entity is assessed based on trading volume, security, regulatory adherence, and community trust. However, recent occurrences indicate that the exchange is struggling to uphold these benchmarks.
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