Binance releases 'market maker guidelines'…mandatory disclosure of operator information

A global cryptocurrency exchange has made disclosure of information on market makers (MMs) on its platform mandatory.

Binance said on its official website on the 25th (local time) that “projects must promptly report market makers’ details, the legal entity, and contract terms to the listing platform.” It added that “projects must not collude with market makers or other third parties to manipulate (token) prices or distort liquidity,” and that “contracts with market makers must clearly include safeguards such as defined roles and risk-mitigation measures.”

It also presented review criteria that projects should use when selecting partners such as market makers. Binance said, “Market makers and service providers should be assessed based on proven track record, industry credibility, and compliance standards,” adding that “revenue-sharing models and guaranteed-return models with market makers are prohibited, and token lending agreements must clearly stipulate the permitted purpose of token use.”

Token dumping was also banned. Binance said, “Token activities that undermine market order must be strictly prohibited,” adding that “large-scale token sales that cause excessive downward pressure—so-called dumping—are prohibited.”

Binance emphasized that “(projects) must continue monitoring even after listing.” Binance said, “Ongoing post-listing checks are essential to detect anomalous trading early and verify alignment with agreed terms and market expectations.”