Binance made more important announcements for the crypto space just recently.
On their official Medium channel, the biggest exchange in the world announced that it took the decision to make a change to their listing fee policy.
Binance donates fees to charity
“Starting immediately, and going forward, we will make all listing fees transparent and donate 100% of them to charity,” Binancewrote.
It seems that project teams will be the ones who will propose the number that they would like to provide for a listing fee and this will be called a donation.
There will not be any minimum required listing fee involved in the process.
This change comes to support even more the exchange’s initiatives related to charity, and it will also make sure to increase the use of blockchain for “greater good” as the official blog post revealed on Medium.
Binance also announced that more changes are on their way soon.
The exchange says that “it will continue to use the same high standard for the listing review process. A large donation does not guarantee or in any way influence the outcome of our listing review process.”
Binance reviews listed coins
Today, Binance published a new statement, and it seems that the exchange is taking another step to try and protect its customers.
The exchange started to conduct regular reviews of various coins that if currently offers.
In order to prevent their customers from making a bad investment, the exchange decided to conduct reviews of listed coins periodically and to remove the ones that have a standard that drops below a certain level.
As a result, Binance decided to delist four cryptos.
These include Triggers (TRIG), Bytecoin (BCN), Iconomi (ICN), and ChatCoin (CHAT).
The cryptos will reportedly be delisted at 2018/10/12 10:00 AM (UTC).
It is important to note that their withdrawals from the exchange will still be possible until 2018/11/12 10:00 AM (UTC).
After the announcement, the cryptos mentioned above have already experienced serious price drops.
For user protection, Binance is also implementing a much stricter listing process.