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Binance cryptocurrency exchange optimizes assets

10/10/2018
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Binance cryptocurrency exchange is considered the largest trading platform in the world. Its daily turnover exceeded $ 1.5 billion. In order to achieve such a result, they adhere to the principles of transparency and attention to the interests of customers.

Binance listing and delisting

Until October 12, four assets will be delisted on the stock exchange. She will no longer support the trade of Iconomi, Bytecoin, Triggers and ChatCoin. According to the administration, these projects have ceased to meet the high standards of secure cryptocurrency. Here is a list of reasons that can lead to delisting:

  • Low level of technology and the vulnerability of smart contracts;
  • Poor interaction with society;
  • Use of ICO in illegal activities;
  • Insufficient contribution to improving the ecology of the blockchain community.

Binance does not indicate whether the BCN, CHAT, ICN and TRIG fee for entering the trading platform will be returned to the creators of the cryptocurrencies. Judging by its policy, this is hardly possible. But the exchange has found ways to untie its hands on this issue. From now on, all funds received for putting an asset into the turnover will be sent to charity.

Binance plans

According to the site management, they intend to launch another ten similar platforms on all continents by the end of 2019. If until now the exchange has concentrated its activities in the Asian region, now has come a period of active development.

Experts call this strategy of Binance as a necessary measure. The development of the blockchain led to its legalization in developed economic regions and the activation of traditional financial institutions. Since their resources far exceed the capabilities of Binance, the exchange is already forced to take preventive measures.

The exchange began its work in the summer of 2017, after a successful ICO for $ 15 million. However, it was "asked" to leave the market of Japan and some other countries for working without a regulator license. Now the exchange has decided to return, taking into account all the mistakes.

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