CEX listings outperform Nasdaq and Dow IPOs with 80% average returns

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

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.

Despite the criticism, crypto exchanges have…