Binance, the world’s largest cryptocurrency exchange, announced that while tightening the rules on NFT listings, NFTs that do not comply with the specified conditions will be removed from the platform.
According to an official announcement by Binance, it has been declared that the rules regarding NFT listings have been tightened. Under the new rules, October 2, 2022 listed before and November 1, 2022 with January 31, 2023 Average daily trading volume between under $1,000 All NFTs that are inactive will be removed from the platform.
Removal of NFTs that do not meet the required qualifications until 2 February will happen. Unlisted NFTs will continue to appear in users’ wallets but will not be able to be traded. In addition, NFT artists January 21, 2023 after date only five per day will be able to print as many digital collectibles as
Binance also “not meeting standards” NFT listings “will review periodically” and stated that he will remove it from the list.
Users may report NFTs or collections that may violate Binance NFT issuance rules and terms of service. Our due diligence team will actively review reports of fraud or rule violations and take appropriate action.