On March 25, Binance issued a risk warning and industry guidelines for crypto market makers, emphasizing that improper market-making behavior may harm market stability and user interests.
The guidelines point out that several abnormal behaviors require close attention, including: selling that violates the token unlocking plan, long-term one-sided selling pressure, concentrated selling across platforms, discrepancies between trading volume and price (suspected wash trading), and violent fluctuations under low liquidity.
Binance advises project teams to strengthen due diligence and continuous monitoring of market makers, clarify contractual responsibilities and compliance requirements, and avoid high-risk cooperation models such as profit sharing or guaranteed returns. Meanwhile, users should pay attention to order book depth and transaction structure when trading newly listed or highly volatile assets, and be wary of unnatural market behavior.
Binance stated that it will continue to monitor market-making activities and take measures, including blacklisting, against violations in order to maintain market fairness and transparency.
