2023-08-27 11:35:09
Binance is currently running a “risk management initiative” to win small-cap crypto projects. By definition, he does all of this for his own benefit, as quite serious problems have arisen in the life of the company recently. According to insider information, the world’s leading crypto exchange has recently approached several projects with tiny market capitalizations. Changpeng Zhao’s company wanted to know details about the listing and whether they would be willing to offer some of their tokens to the Binance Savings pools. The undisclosed goal of the initiative is to increase market liquidity and reduce the risk of price manipulation. Binance is today’s largest crypto exchange in terms of trading volume and is doing everything to keep it that way. In recent weeks, however, its market share has fallen noticeably, which, in addition to the incessant confrontations with regulatory bodies, paints a rather gloomy future for the stock market. Many accuse CZ of deliberately manipulating the BTC exchange rate to create a more favorable situation for the BNB token. “During the past week, within the framework of the ongoing risk management procedure, our team contacted several projects whose digital assets were listed on our interface. These projects are trading pairs with relatively low liquidity and/or low market capitalization. This may be risky for users and may also allow market manipulation,” said a Binance spokesperson. Screenshots of the alleged offers have also appeared on social media platform X. According to them, Binance wants 5% of the tokens in circulation to be made available to Savings pools in exchange for interest.
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