Binance, the world's leading cryptocurrency exchange, announced that it will move four altcoins from the Innovation Zone to the official trading zone.
Cryptocurrency Exchange Binance Removes Altcoins SHIB, FXS, TWT and 1INCH from Innovation Zone
SHIB, FXS, TWT, and 1INCH will be tokens to emerge from the Innovation Zone, where new and innovative projects are listed for trading.
This move comes as part of Binance's ongoing efforts to ensure that the projects listed on its platform meet high standards.
According to the exchange, the four tokens met the criteria to move into the official trading zone, which includes factors such as liquidity, trading volume, and project development progress.
Binance regularly reviews the tokens listed in the Innovation Zone to determine if they are ready to move into the official trading zone.
The four tokens will be migrated on April 18, 2023 and will soon be available for trading in the official trading zone.
This move is expected to increase the liquidity and trading volume of these tokens as they will now be more accessible to a wider investor base on the platform.
Binance's Innovation Zone was created to provide a platform for new and innovative projects to gain visibility and support from the crypto community.
It is also designed to help investors discover new investment opportunities and access projects with high return potential. The official trading zone, on the other hand, is where the most established and well-known projects are listed for trading.
Binance's decision to remove SHIB, FXS, TWT and 1INCH from the Innovation Zone is a testament to the power and potential of these projects.
It is not investment advice.