• Binance regularly reviews cryptos for development status, liquidity, and negative information.
• Binance aims to reach 1 billion users, doubling its current 200 million user base.
• Binance’s strict compliance protocols include rigorous KYC and due diligence measures.

Binance co-founder He Yi revealed the exchange’s strategy to address “zombie coins” and maintain competitiveness during a recent Twitter Space hosted by Binance Chinese.

With aims to reach 1 billion users, Binance has recently quadrupled its user base to 200 million in the last two years, and this news coincides with ongoing strong user growth.

Yi discussed how Binance regularly evaluates every cryptocurrency listed on its platform, focusing on liquidity, development stage, and any negative information. Despite meeting these requirements, cryptocurrencies receive monitoring labels.

This methodical approach ensures that only strong and dependable cryptocurrencies are actively traded on the platform. Binance has also established a specific department responsible for these ongoing monitoring tasks t…

The post Binance Tightens Crypto Listing Standards, Targets ‘Zombie Coins’ appeared first on Coin Edition.

• Binance regularly reviews cryptos for development status, liquidity, and negative information.
• Binance aims to reach 1 billion users, doubling its current 200 million user base.
• Binance’s strict compliance protocols include rigorous KYC and due diligence measures.

Binance co-founder He Yi revealed the exchange’s strategy to address “zombie coins” and maintain competitiveness during a recent Twitter Space hosted by Binance Chinese.

With aims to reach 1 billion users, Binance has recently quadrupled its user base to 200 million in the last two years, and this news coincides with ongoing strong user growth.

Yi discussed how Binance regularly evaluates every cryptocurrency listed on its platform, focusing on liquidity, development stage, and any negative information. Despite meeting these requirements, cryptocurrencies receive monitoring labels.

This methodical approach ensures that only strong and dependable cryptocurrencies are actively traded on the platform. Binance has also established a specific department responsible for these ongoing monitoring tasks t…

The post Binance Tightens Crypto Listing Standards, Targets ‘Zombie Coins’ appeared first on Coin Edition.