Binance, the world’s largest cryptocurrency exchange, will now target malicious market makers linked to newly listed projects on the platform.
This decision comes after months of criticism against the stock market, particularly after the crash of October 10. Some critics have blamed Binance for the cascade of market-wide liquidations, although the exchange has denied these claims.
In a recent blogwarned the exchange,
We actively monitor market making activities to enforce the highest standards and will take swift and decisive action against any misconduct, including blacklisting market makers who violate our rules.
Does Binance respond to listing criticism?
Beyond that, Binance’s listing practices (supporting trading of new projects) have also come under scrutiny following the October crash. Several builders, projects, and even venture capital firms supporting these projects have spoken out against Binance’s alleged flawed listing practices.
Mike Dudas of 6th Man Ventures, for example, claimed that Binance collects a “10% tax” on each project launched on its platform.
A similar claim was made by MoonRock Capital founder Simon Dedic in 2024. Dedic alleged that the exchange demanded 15% of the token supply, or approximately $50-100 million, which would ultimately be immediately abandoned.
According to him, this is the reason why most of the listed projects suffered massive losses.
In 2026, Dedic maintained his criticism of the exchange’s listing practices. He called “Binance mining” extreme “greed,” “myopia,” and a “massive negative-sum game” that is ruining founders, investors, and market makers.
He cited a chart showing that almost three-quarters of the projects listed by Binance have fallen to near zero.
However, Binance has always denied these claims, calling them “false” and “defamatory.” Although critics have accused the exchange of burning even market makers, Binance’s latest statement suggests that it sees rogue market makers as the cause of losses suffered by newly listed projects.
Market makers are entities that provide liquidity on centralized and decentralized exchanges to minimize slippage and ensure an orderly trading experience.
But Binance noted that they can also act irresponsibly, urging new projects to scrutinize their market makers and on-chain activities.
Additionally, Binance founder CZ warned projects to disregard anyone promising them a listing on the platform and claiming to have close ties to him.
Final summary
- Binance has issued a warning to dishonest market makers, warning that any manipulation of listed projects could result in blacklisting.
- The move follows criticism of “mass mining” of Binance’s listing processes, which could reach as much as $100 million.
