- The exchange has been given exclusive listing and delisting authority
- Also, the platform can now convert unsupported tokens without prior notice
The Binance cryptocurrency exchange now has exclusive listing and delisting authority over tokens on the platform. In addition, the exchange can unilaterally, without prior notice, convert a no longer supported asset to another.
The first innovation, which concerns token listing and delisting, is standard practice on most CEX. It is possible that this tightening of listing conditions is primarily due to regulatory pressure on the service provider.</nbsp;
It is likely that in the future, placing a token on the platform will become much more difficult.. In addition, Binance is no longer required to explain the delisting of an asset and give advance notice of it.
The second ToS change on the site is much more significant. Along with it, the exchange gained the right to unilaterally convert tokens that were no longer supported into others.
A similar situation occurred, for example, in September 2022. Then Binance automatically converted some tokens (USDC, USDP and TUSD) to BUSD. We mentioned it in our digest.
A similar change to the ToS is intended to “legitimize” such actions on the platform. And it can significantly affect traders.</nbsp;
The delisting of an asset and its subsequent conversion into an illiquid token, all without prior notice, is how the changes in the exchange’s internal policy should be interpreted.</nbsp;
We also remind you that Incrypted has a guide on how to list and delist assets on Binance. You can read it: