Bloomberg: With regulators closely monitoring, Binance tightens its token listing process

ChainCatcher news, according to Bloomberg, Binance Holdings Ltd. has tightened the requirements for listing new digital tokens, further strengthening the protective measures for investors on its platform.

Informed sources revealed that crypto projects seeking to list tokens on Binance must now agree to a significantly longer so-called "Cliff period," during which no tokens can be sold, set aside more tokens for market makers, and pay a deposit. These changes have been in effect since the end of last year, the sources said.

The sources indicated that Binance has verbally communicated these changes to token listing participants, while the requirements for trading may vary. So far, the stricter rules do not seem to have affected Binance's share in spot cryptocurrency trading, which has begun to recover from a nearly year-long decline, and Binance's leading position in the number of listings on major trading platforms has further expanded recently.