While Binance, the world's largest cryptocurrency exchange, continues its altcoin listings at full speed, it significantly moves the price of the relevant altcoin with its listings.
While investors were looking forward to Binance listing new altcoins, a new statement came from the exchange regarding the altcoin listing policy.
At this point, Binance stated that it is considering listing cryptocurrencies that do not have a high market value but attract the attention of the masses.
“Binance is committed to promoting a healthy and sustainable market environment and always putting our users' interests first.
In recent months, we have observed a trend of tokens with initially low circulating supply being launched at high valuations.
At this point, Binance will step in and lead the rollout of small and medium-sized projects to support a healthy industry with a variety of market participants, including low- and medium-value projects.
We would like to invite such high-quality teams and projects to apply for our listing programs, which include direct listing, Launchpools, Megadrops and more.
We hope to support small and medium-sized projects with strong foundations, an organic community base, a sustainable business model and a dedicated team that acts as responsible industry participants, and with this support we hope to increase the development of the blockchain ecosystem.
“As we collectively strive to develop a more balanced and robust market environment, we invite all eligible projects to apply to be listed on Binance.”
*This is not investment advice.