Binance tightens rules on NFT listings By Cointelegraph
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According to a Jan. 19 announcement, cryptocurrency exchange Binance has tightened its rules for nonfungible token listings. Starting Feb. 2, 2023, Binance will delist all NFTs listed before Oct. 2, 2022 and with an average daily trading volume lower than $1,000 between Nov. 1, 2022 and Jan. 31, 2023. In addition, after Jan. 21, 2023, NFT artists can only mint up to five digital collectibles per day.
Binance NFT requires sellers to complete Know Your Customer (KYC) verification and have at least two followers before listing on its platform. In addition to the revised rules, Binance said it would forthwith “periodically review” NFT listings that do not “meet its standards” and recommend them for delisting.
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According to a Jan. 19 announcement, cryptocurrency exchange Binance has tightened its rules for nonfungible token listings. Starting Feb. 2, 2023, Binance will delist all NFTs listed before Oct. 2, 2022 and with an average daily trading volume lower than $1,000 between Nov. 1, 2022 and Jan. 31, 2023. In addition, after Jan. 21, 2023, NFT artists can only mint up to five digital collectibles per day.
Binance NFT requires sellers to complete Know Your Customer (KYC) verification and have at least two followers before listing on its platform. In addition to the revised rules, Binance said it would forthwith “periodically review” NFT listings that do not “meet its standards” and recommend them for delisting.
Continue Reading on Coin Telegraph
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