Binance Reached Out to Low-Liquidity Token Projects to Boost Trading!

The post Binance Reached Out to Low-Liquidity Token Projects to Boost Trading! appeared first on Coinpedia Fintech News

Binance, the crypto exchange giant, is approaching projects with low-liquidity tokens to increase their trading by proposing contributions to its savings products. The exchange has requested information on their relationships with market makers and is incentivizing contributions of 1–5% of the circulating tokens to drive traffic. Binance has warned of potential risks regarding certain tokens, including market manipulation. A spokesperson stated that the initiative is part of an ongoing risk management strategy and targeted at projects with low-liquidity trading pairs or smaller market capitalizations.