Binance listing rule update boosts small projects; RWA tokens thrive
The post Binance listing rule update boosts small projects; RWA tokens thrive appeared on BitcoinEthereumNews.com.
Most cryptocurrencies around the market get traction due to their utilities, adoption, and popularity, and exchange listing plays a significant role. The Real World Asset (RWA) sector is one of the trending narratives within the crypto market, and it is getting a substantial number of eyeballs. This is pushing a few leading projects to get their hands on listing on the world’s biggest crypto exchange, Binance. Crypto exchange listing exposes crypto tokens to many users, investors, and traders, eventually pushing their value higher. As a result of the growing number of token holders, the position of respective tokens gets stronger and more stable in a market like crypto, which is known for its notorious volatility. The RWA crypto sector is expected to hit $16 trillion in market cap by 2030. This presents a massive opportunity for leading RWA tokens to monetize their position within the space and grow with the broader RWA sector. In the past months, Binance has updated rules regarding token listing in order to comply and cooperate with regulations. These changes aim to improve safety, compliance, and investor protections on the Binance platform. They are designed to encourage longer-term commitments from projects and reduce risks for investors from the immediate selling of tokens post-listing. The key changes are:- Extended cliff period The minimum “cliff period” before tokens can be sold has been increased from six months to at least one year. Requirement of security deposit Projects must make a security deposit, usually amounting to several million dollars, which Binance may keep if the projects fail to meet the listing conditions. Market maker allocation Projects are now required to set aside more tokens for market makers to enhance trading liquidity. There are a handful of tokens awaiting listing on Binance’s crypto exchange, but here are the ones with…
Filed under: News - @ May 29, 2024 8:18 am