I belive binance don't fckn care about the project background itself since I can see some shit project that still listed there.
I saw the same thing.I saw a lot of ieo projects that were common and seemed to be repeating.However, no exchange should be trusted in crypto.
Yep so far, there is no regulated exchange in crypto space, But soon there will be, I don't want to drop name but there is some exchange working on acquiring a license which guarantees fair trading for all traders. No-wash trading from the bot and fake pump and dumps. I believe that this unregulated exchange will be extinct soon. Check out fun facts below;
Look at the trading volumes of Binance branches and you will see their problem (source: nomics daily view)
Binance Standard 650m
Binance Jersey: 0.13m (should be a bit regulated as they deal with fiat)
Binance dex: 0.6m
Binance US: 1.9m!!! In the biggest crypto market with 28 pairs trading...that would I call not really successful. And here faking volumes is much more difficult and risky than their altcoin shitshow.
They are now looking for market makers.They are willing to give them the maximum benefit. Don't know what's going on! Only binance can tell what's going on.
https://www.binance.com/en/support/articles/360034573691
Quote
As we strive to improve our services for users as well as bring more liquidity to our exchange, Binance is now looking for Market Markers globally. We wish to invite top-tier liquidity providers to our Binance.com Market Maker Program.
If your 30-day trading volumes exceed 1,000 BTC (or can achieve volumes of 1,000 BTC), and have quality market maker strategies, you can immediately join our Market Maker Program. Market Makers can enjoy trading fee reductions, as well as higher API limits.
If your 30-day trading volumes exceed 1,000 BTC (or can achieve volumes of 1,000 BTC), and have quality market maker strategies, you can immediately join our Market Maker Program. Market Makers can enjoy trading fee reductions, as well as higher API limits.
I believe that they are slowly removing their fake volumes and change with the organic one. This is just my opinion but I think they are working to become fully compliance exchange, They are constantly moving their headquarters in different country to avoid a lawsuit for being unregulated exchange with high trading volume and they are smart enough to go to the right direction while they are still at there prime with fake volumes. Besides that, They are doing regular trading contest whenever a new coin is listed. This is the sign that there aiming to have an organic volume by using organic transaction from traders that participating in the contest.