Coinspeaker
Binance Taps into Low-Cap Crypto Projects to Boost Platform’s Trading
The world’s largest crypto exchange Binance is making some unconventional moves in order to boost the trading activity on the platform. Recently, the exchange contacted some crypto projects with low-liquidity tokens.
As per the market reports, this move seeks to enhance the “liquidity protection” on the platform. In an email to CoinDesk, the exchange said: “Over the past week, our team reached out to a small number of projects that issue digital assets listed on our platform as part of our ongoing risk management initiative. These projects have relatively lower market liquidity trading pairs and/or a smaller market capitalization, which potentially exposes users to risk, including potential market manipulation.”
The exchange has also inquired about the market makers’ information and their willingness to allocate up to 5% of their circulating tokens to Binance’s saving pools, in exchange fo
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