🚨Binance tightens market maker rules, tells token issuers they must disclose partners

The guidelines ban profit-sharing and guaranteed return arrangements, aiming to prevent conflicts of interest and manipulative trading.

What to know:

Binance released new guidelines for market makers, requiring them to disclose their identity, contract terms and other information.

The rules ban profit-sharing and guaranteed-return arrangements, aiming to prevent conflicts of interest and manipulative trading.

Binance said it will monitor market maker activity and take action against misconduct, such as selling tokens in a way that clashes with release schedules or artificially inflating trading volume.