OKX CEO says listings require responsibility in jab at Binance

Tensions appear to be escalating between crypto exchanges OKX and Binance. OKX CEO Star Xu stated on X that his company has long held fundamentally different values from Binance. He argued that centralized exchanges (CEXs) play a different role than decentralized exchanges (DEXs) and that listing decisions on CEXs must come with responsibility, continuing his criticism of Binance founder Changpeng Zhao (CZ). Earlier today, CZ had pushed back against crypto analyst Benjamin Cowen, who had criticized indiscriminate memecoin listings. CZ questioned whether DEX listings are good while CEX listings are bad, adding that all exchanges have their own listing systems and that Cowen should consider why his preferred tokens are not listed. Binance has recently been embroiled in public criticism over its memecoin listing policies and its perceived responsibility for a sharp market drop on Oct. 10. Meanwhile, OKX was also at the center of a controversy last year regarding its listing of Pi Network (PI).