Binance Tightens Market Maker Rules, Tells Token Issuers They Must Disclose Partners

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Cryptomouse projects will no longer be able to have recipe sharing models with market makers

Coin Academy

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What to remember: Binance now identifies the suspicious behaviour of market makers, including unaligned sales on release schedules and persistent unilateral trading. crypto projects now need to rigorously verify their market makers partners and avoid guaranteed profit-sharing or return-sharing agreements. These new rules reinforce entry barriers for new tokens and could reduce artificial liquidity on the platform.

DiarioBitcoin

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Binance, the largest crypto-by-volume exchange, published new guidelines that tighten the conditions for market creators and token issuers. The platform will require greater transparency over partners, contracts and use of borrowed tokens, while prohibiting profit-sharing schemes and guaranteed returns to reduce conflicts of interest and possible manipulation maneuvers. *** Binance will require projects to disclose the identity, legal entity and…