Binance is pushing liquidity for low-cap projects on its platform for "continuous risk management"

Odaily Planet Daily News In the past week, Binance staff contacted multiple projects, asking for details of their relationship with market makers, and whether they would consider funding the exchange’s savings products. Specifically, Binance asked whether these projects would consider depositing 1%-5% of their circulating tokens into their savings accounts to earn interest. Binance also sought an explanation if the project in question had no relationship with the market maker or wanted to fund its savings product, the sources said. A Binance spokesperson said the promotion is part of an "ongoing risk management plan" targeting a small number of cryptocurrencies listed on the exchange that either have illiquid trading pairs or are small relative to market capitalization. Such a program could expose users to risks, "including potential market manipulation," the spokesperson said. (The Block)