Cryptocurrency exchange Binance has tightened its altcoin listing procedures.
Binance, to increase investor protection cryptocurrency listing process tightened. According to the news provided by Bloomberg, within the scope of the changes made, Binance will be included in the altcoin projects to be listed. 1 year blocking period, more security deposit requesting and Reducing the amount of coins allocated to market makers began to take into account factors such as
While these rules came into effect late last year, they are thought to have been applied to every project listed from that point on.
According to the details announced, Binance will list the altcoin projects. blocked for at least one year chose the application path. During this period, a certain amount of altcoinssmart contractIt began to be supplied in a software called “” that will be locked and cannot be transferred.
In this way, investors can avoid sudden sales and losses resulting from price fluctuations was aimed to prevent.
Binance, some crypto projects security deposit It also demands that they deposit it. In this way, if the project does not meet the conditions, Binance will have collateral to protect investors.
With this step taken, both investor security is ensured and Binance aims to become more compliant with regulations.