DigiByte Founder Jared Tate Talks Binance Listing Woes, Dangers of the Status Quo
Are the world’s biggest crypto companies actually its biggest bullies? DigiByte founder Jared Tate tells Cointelegraph about struggles with Binance and Poloniex for listing.
What started as a Twitter thread of frustrated complaints about corruption and centralization in the crypto industry ended with an abrupt announcement: the delisting of DigiByte on Poloniex. Jared Tate, the founder of DigiByte, once among the most popular coins traded on the exchange, sat down with Cointelegraph to share about his concerns following the debacle.
The acrimonious relationship between Tate and the larger forces of Binance (and most recently, the Tron-acquired Poloniex exchange) traces back to a different era in the crypto industry. It was 2017, and markets were on fire. Binance was growing by leaps and bounds, becoming the most popular altcoin exchange in the world. Being listed on Binance was like having a license to print money.
It was in this environment that DigiByte first entered as a prospective listing on the new exchange, with Tate advocating for its addition to the growing library of assets offered by Binance. Binance showed interest in using DigiByte’s DigiSign technology as part of its launch process, Tate said, following China’s exchange shutdown. “We