Crypto NewsAltcoinWarning To Low Capital Projects From Bitcoin Exchange Binance! Increase Trade!

Warning To Low Capital Projects From Bitcoin Exchange Binance! Increase Trade!

Binance is forcing low-liquidity crypto projects traded on its exchange to take steps to increase trading.

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Binance is forcing low-liquidity crypto projects traded on its exchange to take steps to increase trading.

Binance Pressures Low-Capital Projects to Increase Liquidity

Binance staff reached out to multiple projects, asking for details of their relationship with market makers and whether they would consider contributing funds to the exchange's savings products.

Binance specifically asked if these projects would consider investing 1-5% of their circulating tokens in savings accounts to earn interest.

Because of the bear market we are in, many projects have come to the point of death. Projects that have little liquidity and are listed on Binance can be delisted if they do so.

In fact, Binance, which warned projects not to delist, requested an explanation if the projects in question do not have relations with market makers or do not want to contribute to savings products.

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Market makers are liquidity providers who agree to buy assets at certain prices to help stock markets run smoothly.

“Another possible mitigation measure is to contribute to savings pools like Binance Savings.

This is a place where users can borrow tokens via Margin or Credit and trade more actively to inject liquidity into the existing market,” the spokesperson added, emphasizing that contributions are optional.

Matt Batsinelas, founder of Glass Markets, an analytics platform that monitors exchange liquidity, said that several trading centers, including Binance, have recently sought to further scrutinize the behavior of market makers on their platforms.

*Not investment advice.



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