Exchange listing takeaway ✨ Tier-1, high-liquidity exchanges drove the strongest gains. The reason? Fewer, selective listings concentrated capital, accelerated price discovery, and produced bigger spikes 📈 Avg peak returns (2025): • Binance listings: ~93% • Other CEX listings: ~58–92% • ETH: ~50% | BTC: ~36% • Nasdaq: ~26% | S&P 500: ~19% New CEX listings outperformed traditional assets and even BTC/ETH, reinforcing crypto as a higher-volatility, higher-upside class.