Binance, a famous crypto exchange, has launched the alleged “Innovation Zone”. It enable only selected users to deal with the new DeFi (decentralized finance) tokens. This way, the exchange focuses on sorting out users depending on their risk capacity. Binance will ask two critical questions to every user before allowing them to come into the innovation zone.
The first question would be whether a user can bear fifty percent or more loss of their principal capital. The second question would be whether the user can take liability for that loss. If the user says no, they will not be permitted to trade new decentralized finance tokens the exchange would list.
According to the Binance CEO, “for exchanges to remain competitive, we should list famous coins”. It is essential to do your research. Because some of the projects may be fruitful for you, while some others will likely not.
Wonderful Binance Trading Zone for DeFi tokens
Binance innovation zone is a fanatical trading zone where customers can trade innovative, new tokens with higher volatility and pose a greater risk than other tokens.
Before starting to trade in the Innovation Zone, we suggest all the users to explore the online portal. They should carefully read the Binance Terms and conditions and finish a survey as part of the primary Disclaimer. It is crucial for you to consider that there won’twon’t be any trading limitations on trading pairs in this zone.
BNX or Binary X is a new token poses a maximum risk plus will likely be put through high-cost volatility. Ensure that you practice adequate risk management, have conducted your research regarding the basics of BNX. You should also thoroughly read the project before choosing to trade tokens.