Faced with the multiplication of cryptocurrencies and the growing market complexity, Binance has announced a redesign of its listing process by introducing a system of community governance. This initiative allows users to vote for the addition or deletion of cryptos on the platform, thus offering a more active role to the community.
Binance: a voting system for more transparency
The Binance cryptocurrency exchange platform informed its community that a new voting system would be set up to list and delude cryptocurrencies. This initiative aims to further involve users in strategic decisions of the platform and to ensure better transparency in the selection process. With this novelty, 2 mechanisms were introduced:
- Vote to list : users can vote for cryptocurrencies they wish to see listed. Only cryptos having collected the most votes and having passed the reasonable diligence process of Binance will be integrated into the platform;
- Vote to delist : Cryptos which do not offer regular updates, which have an inactive community or whose development team is absent, may be subject to a vote for suppression.
👉🏻 Discover our opinion on the Binance platform
Users must hold at least 0.01 BNB In their account to participate in the votes, thus guaranteeing an involvement of committed investors.
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If Binance finds himself forced to review his listing method, it is because the exponential multiplication of cryptocurrencies complicates the process. In February 2025, Over 12.4 million cryptos were listed in CoinMarketCapagainst less than 11 million a month earlier. This proliferation dilutes the interest of investors and complicates the evaluation of projects by exchange platforms.
Evolution of the size of the market linked to blockchain
CEO of Coinbase, Brian Armstrong, also underlined The difficulty of manually examining all the new cryptocurrencies. He proposed an alternative based on an “allow-list” and a “block-list”, inspired by social networks, to filter fraudulent assets.
By implementing this system of community governance, Binance strengthens the participation of its users while rationalizing its listing process. This model promotes both the transparency and commitment of investors, while reducing the risk of inappropriate listings.
🗞️ In the news also – Launch of the National Institute of Bitcoin (INBI)
With this new approach, Binance could inspire other platforms to adopt similar mechanisms, making the crypto ecosystem more democratic and balanced.
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Source : Binance
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Maxime discovered the world of finance and very young investment before launching from the age of 18 years. His passion for financial assets and new opportunities offers him a good vision of the current economy as well as emerging trends.
Maxime Montlet
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