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Binance tightens market maker rules, tells token issuers they must disclose partners

CoinDesk|Francisco Rodrigues|
Binance tightens market maker rules, tells token issuers they must disclose partners
Image via CoinDesk
🤖AI Summary

Binance has implemented stricter market maker rules requiring token issuers to disclose their market-making partnerships. The new guidelines prohibit profit-sharing and guaranteed return arrangements between token issuers and market makers to prevent conflicts of interest and manipulative trading practices.

Key Takeaways
  • Binance now requires token issuers to disclose their market-making partnerships for transparency.
  • The exchange has banned profit-sharing arrangements between token issuers and market makers.
  • Guaranteed return arrangements between these parties are now prohibited.
  • The rules aim to prevent conflicts of interest in trading activities.
  • The guidelines are designed to combat manipulative trading practices on the platform.
Mentioned Tokens
$MKR$1,748+1.7%
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