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Sujit Kumar
Mar 10, 2025
by Sujit Kumar

Binance Halts Rogue Market Maker, Boosts Transparency

Binance Halts

Table of contents

  1. Ensuring Fair Trading
    1. Boosting Transparency and Governance
  2. Looking Ahead
Binance has taken decisive action against a market maker that violated its trading rules. According to a March 9 announcement on Binance’s official blog, the exchange terminated the entity from market-making activities and confiscated its proceeds to compensate affected users. Details of the compensation plan will be revealed later by the respective projects involved.

Ensuring Fair Trading

Market makers are essential for providing liquidity and reducing volatility by consistently placing buy and sell orders. However, unethical practices such as order book manipulation distort prices and create unfair advantages. Binance’s stringent rules require a balanced order book and adequate liquidity to protect users. The shutdown of this non-compliant market maker underscores Binance’s commitment to maintaining market integrity and protecting investor interests.

Boosting Transparency and Governance

This enforcement action is part of a broader initiative by Binance to improve accountability across its platform. On March 7, the exchange introduced a new governance model that allows users holding at least 0.01 BNB to vote on token listings and delistings, enhancing community participation. Additionally, Binance has rolled out several new listing features, including pre-market trading, direct spot listings, and Launchpool farming incentives. Notably, Binance does not charge listing fees and ensures that any allocated marketing budgets are returned to users via airdrops.

Looking Ahead

In a March 10 post on X, Binance founder Changpeng Zhao criticized the excessive focus on short-term gains in the crypto market. He emphasized the importance of supporting ethical projects for sustained long-term growth. This recent crackdown and the launch of enhanced governance measures are seen as positive steps toward a more transparent and stable trading environment.

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Binance Halts
Binance Halts Rogue Market Maker, Boosts Transparency
Sujit Kumar
Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

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