Overview
- Binance, which rolled out the policy Wednesday, now requires token issuers to disclose their market maker’s identity, legal entity, and contract terms.
- Profit‑sharing and guaranteed‑return deals between projects and market makers are banned, and token‑lending agreements must spell out how borrowed tokens can be used.
- The exchange warned of swift enforcement that can include blacklisting violators, though it has not said whether it will publicly name those firms.
- Binance flagged red‑flag behaviors for monitoring, including selling that breaks vesting schedules, one‑sided order books, and coordinated dumping across venues.
- Market makers provide constant buy and sell quotes to keep trading orderly, and outlets note the new rules could mean cleaner order books for users but thinner liquidity for some tokens as aggressive players pull back.