“Binance Adapts Token Listing Process Due to Regulatory Pressure: New Projects to Extend Token Lock-up Period”

According to Bloomberg, Binance, under regulatory pressure, has tightened its token listing process. Cryptocurrency projects seeking to list tokens on Binance must now agree to a significantly longer “Cliff period” during which no tokens can be sold, allowing more tokens to be allocated to market makers and requiring a deposit. These changes have been in effect since the end of last year. Binance now requires projects to agree to a Cliff period of at least one year, compared to the previous maximum of six months. In another change, the exchange sometimes requires a larger portion of tradable tokens to be reserved for market makers to ensure sufficient liquidity. Binance has verbally communicated these changes to token listing participants, although requirements in actual trading may vary. So far, the stricter rules do not seem to have affected Binance’s share in spot cryptocurrency trading, as its share has been recovering from a year-long decline and Binance has further expanded its lead in the number of listings on major trading platforms. [img] Tags: listing, tokens, Binance, regulation Source link: https://www.bloomberg.com/news/articles/2024-03-15/binance-extends-token-listi… Note: The opinions expressed in this article by Bitpush News are solely the author’s and do not constitute investment advice. Original article link: https://www.bitpush.news/articles/6403230 Related news: Understanding Binance Megadrop, how to participate in the first BounceBit LBP Guide and LBP protocol token potential What are runes on Bitcoin? New ERC-20 token protocol on Bitcoin? Top Chinese VCs discuss controversial topics: Is AI+Crypto and Bitcoin L2 purely speculative? Is Binance’s influence too dominant? Exclusive: Bitcoin Halving Countdown OMNI Project Launch! Mining a reasonable entry price and altcoin investment strategy!