Binance tightens rules on NFT listings
The exchange will delist NFTs with low trading volume and listed prior to new KYC rules starting February. According to a Jan. 19 announcement by Binance, the cryptocurrency exchange has tightened its rules for nonfungible tokens, or NFT, listing s. Starting Feb. 02, 2023, all NFTs listed on Binance before Oct. 2, 2022, and have an average daily trading volume lower than $1,000 between Nov. 1, 2022, and Jan. 31, 2023, will be delisted. 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 listing s that do not "meet its standards" and recommend them for de listing . "Users can report NFTs or collections that may be in violation of Binance NFT minting rules and terms of service. ...