- Binance will monitor cryptos’ performance before delisting them.
- Binance NFT Marketplace will soon support Bitcoin NFTs.
Binance, the largest crypto exchange in the world, will oversee the performance of “no-progress projects” (high-volatility digital tokens) before directly delisting them.
Today, Binance CEO Changpeng Zhao, CZ, tweeted that the exchange will move the no-progress cryptocurrencies to Innovation Zone and monitor the performance of the token. Binance may delist the cryptocurrency token if its performance remains poor.
Binance’s decisions come in response to the customer’s suggestions. Currently, the exchange is moving around 18 crypto tokens to the innovation zone, including FTX Token (FTT), Voyager Token (VGX), Serum (SRM), and WazirX (WRX).
Before the crypto exchange, FTX, collapsed, it was Binance’s rival. Now the token has lost all its value and hasn’t recovered from its loss (it’s been more than 6 months). Following in the footsteps of FTX, several organizations have fallen under scrutiny, including Voyager Digital and the leading Indian exchange, WazirX.
Binance Recent Decisions
Binance is the largest cryptocurrency exchange that is still reliable for huge investors. However, the regulators are taking legal action against it as well.
Recently, Binance made a lot of improvements to keep traders’ trust. Further, two of the newest meme coins, PEPE and FLOKI, were added to Binance on Tuesday. Binance decided to list both PEPE and FLOKI in the Innovation Zone, but it was unexpected to see PEPE and FLOKI added to all the other goods and services they provide.
This may have happened as a result of the hype over the tokens, the quick rise in price, and community trust. Further, Binance NFT Marketplace will soon support Ordinals inscriptions (Bitcoin NFTs) by the end of May 2023.
