New Decentralized Finance (DeFi) tokens!
Cryptocurrency exchange Binance has announced the launch of a so-called “innovation zone” for users who want to trade new Decentralized Finance (DeFi) tokens.
Binance aims to filter users based on their risk appetite. The exchange will ask two, “very clear” questions before the user can enter this “zone”: (1) whether the user is ready to lose more than 50% of his share capital and (2) whether he is ready to take responsibility for this loss. If the user answers these questions in the negative, then they will not be able to trade the new DeFi tokens that Binance will add in the future.
“To stay competitive with other exchanges, we need to list popular coins,” said Binance CEO Changpeng Zhao. “However, as always, you need to do your own analysis. Some projects can be very successful, but most likely not. “
According to The Block Research, the cost of DeFi tokens has dropped dramatically in recent weeks, following record highs in July and August. Most of them fell more than 40% from 30-day highs.