Binance Tightens Rules for Market Makers and Token Issuers

Binance has introduced stricter guidelines for market makers and token issuers on its platform. The exchange aims to increase transparency in deal structures and trading patterns, which it has identified as potential sources of manipulation.

The updated rules require token projects to disclose the identity of their market maker's legal entity name, and the terms of their arrangement. Profit-sharing deals and guaranteed-return structures are also prohibited, as they create financial incentives that can work against fair and orderly trading.

Binance has identified several specific behaviors it considers problematic, including token sales outside agreed release schedules, persistent one-sided sell pressure, and large coordinated deposits across multiple trading venues.