Binance tightens market maker, token launch rules

Crypto exchange Binance has updated its trading guidance, specifically targeting market maker behavior and token launch practices. The exchange is now more explicit about identifying problematic activities that could indicate manipulation or misaligned incentives. This update builds on previous guidance, with a sharper focus on early-stage trading where liquidity is still developing. Binance aims to ensure that market-making arrangements genuinely support orderly trading and price discovery, rather than distorting them, especially during volatile periods or new token listings.