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Binance is intensifying its efforts to protect investors by tightening the requirements for listing new assets. Sources familiar with the matter, who spoke on the condition of anonymity while discussing confidential information, stated that crypto projects seeking to list tokens on Binance now need to agree to significantly longer lock-up periods during which no tokens can be sold, allocate more tokens for market makers, and deposit a security fee.
Significant Decision from the Binance Team
The sources mentioned that Binance has communicated the changes verbally to participants in token listings and that the requirements may vary slightly between agreements. So far, the stricter rules do not seem to have harmed the platform’s share of spot crypto transactions, which has been recovering after nearly a year of decline, and Binance has recently expanded its leadership in listings among major exchanges.
However, executives involved in Binance listings, speaking on the condition of anonymity to avoid jeopardizing business relationships, said the changes threaten to undermine their profitability and make listing new assets prohibitively burdensome. One of them verbally complained to Binance management about the stricter requirements.
A senior executive stated last month that Binance, which agreed to pay a fine of 4.3 billion US dollars last year for violations of anti-money laundering regulations, has started to prioritize investor protections over withdrawing token listings.
