News and Analytics

0

Binance's Cryptocurrency Evaluation and Growth Strategy

Jun 13, 2024
  • Binance conducts regular assessments of cryptocurrencies by examining their development status, liquidity, and any negative information.
  • With a target of reaching 1 billion users, Binance has already achieved a 200 million user base, doubling its user numbers in the past two years. This increase aligns with the continuous rise in user engagements.
  • Binance follows stringent compliance protocols, including rigorous KYC processes and thorough due diligence measures to ensure regulatory adherence.

During a recent Binance Chinese-hosted Twitter Space session, He Yi, the co-founder of Binance, disclosed the exchange's strategy to manage 'zombie coins' and bolster its competitive edge.

Yi emphasized Binance's methodical evaluation of all listed cryptocurrencies, focusing on liquidity, developmental stage, and any negative elements associated with them. Even after meeting the evaluation standards, cryptocurrencies undergo constant monitoring and may be tagged for monitoring to maintain ongoing compliance.

This systematic approach guarantees that only robust and dependable cryptocurrencies are actively traded on the platform. Binance has specifically assigned a team to oversee these monitoring activities efficiently, ensuring adherence to top-tier standards.

For detailed information on Binance's tightened cryptocurrency listing criteria and its targeted approach towards 'zombie coins,' refer to the complete article on Coin Edition.

Comments

Latest analytics

Non-Custodial Wallets:...

Non-Custodial Wallets: Overview and Benefits

Shib The Metaverse:...

Shib The Metaverse: A New Chapter for Shiba Inu

Show more

Latest Dapp Articles

Show more

You may also like