Binance News: Exchange Offboards Market Maker Over MOVE Token Listing Profit Scandal

In a recent development, Binance, the world’s largest cryptocurrency exchange by trading volume, has taken drastic action against a market maker involved in the listing of Movement’s MOVE token. The move comes after the market maker reportedly made a significant profit from the initial trading of the token, raising concerns in the crypto community.

Binance Offboards Market Maker for MOVE Token Listing Profit

Binance, the largest crypto exchange by trading volume, announced that it has offboarded a market maker associated with another that had been previously removed due to misconduct. The market maker, which was not identified, made a $38 million profit from the initial trading of Movement’s MOVE token on the exchange. Market makers are responsible for creating liquidity by quoting prices to both buyers and sellers. However, this market maker failed to meet its obligations by placing only sell orders for 66 million MOVE tokens, causing concerns about its conduct.

Crypto Experts Say BlockchainFX’s Presale Could Be the Next Big Money Maker – Is BFX The Binance Killer?

As the cryptocurrency market braces for its next major cycle, crypto experts are pointing to BlockchainFX’s presale as a potential game-changer. With its ambitious vision to unify crypto, stocks, forex, ETFs, and commodities into a single super app, BlockchainFX is being hailed as a Binance killer. The platform is designed to outperform legacy exchanges by offering multi-asset trading and passive income incentives. The BlockchainFX presale is attracting significant interest from retail and institutional investors alike, positioning BFX as a serious contender.