Binance tightens solutions on NFT listings

Binance tightens tips on NFT listings

Consistent with a Jan. 19 announcement, cryptocurrency substitute Binance has tightened its tips for nonfungible token listings. Starting up Feb. 2, 2023, Binance will delist all NFTs listed ahead of Oct. 2, 2022 and with a median each day trading quantity lower than $1,000 between Nov. 1, 2022 and Jan. 31, 2023. To boot to, after Jan. 21, 2023, NFT artists can finest mint as a lot as five digital collectibles per day.

Binance NFT requires sellers to full Know Your Customer (KYC) verification and haven’t any no longer as a lot as 2 followers ahead of itemizing on its platform. To boot to to the revised tips, Binance acknowledged it would forthwith “periodically analysis” NFT listings that attain no longer “meet its standards” and point out them for delisting.

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