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Crypto exchange Binance has tightened its listing policy as the number of listed trading instruments declined by 21% in 2023, Kaiko reports. 
According to a new report published by Diving Into DEXs, <a href="https://crypto.news/tag/binance/">Binance</a> is now taking an accelerated approach to delisting entities at a rapid pace after its founder and former chief executive <a href="https://crypto.news/tag/changpeng-zhao/" target="_blank" rel="noreferrer noopener">Changpeng Zhao</a> settled a $4.3 billion case with U.S. regulators for, among other things, operating an unlicensed exchange. 
Analysts at Kaiko admitted that Binance was not the only crypto exchange in 2023 to scale down its listing offerings, as Coinbase and OKX have delisted some instruments. In the meantime, U.S.-based crypto exchange Kraken, on the contrary, slightly increased the number of supported cryptocurrencies, according to Kaiko data. 
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 <img loading="lazy" decoding="async" width="1024" height="546" src="https://crypto.news/app/uploads/2023/12/dbsiulfhsdiufh-1024x546.png" alt="Binance accelerates delistings as regulatory pressure intensifies - 23" class="wp-image-14226476">
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 Number of listed cryptocurrencies on Binance vs. Binance.US, Coinbase, Kraken, and OKX | Source: Kaiko
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 You might also like: <a href="https://crypto.news/newly-published-doj-document-reveals-binances-supervision-requirements/"> Newly published DoJ document reveals Binance’s supervision requirements </a> 
In mid-October 2023, Kaiko revealed in a <a href="https://crypto.news/kaiko-reports-exchange-de-listings-at-an-all-time-high/" target="_blank" rel="noreferrer noopener">report</a> that a total of over 3,445 tokens or trading pairs have either been delisted or rendered inactive on major trading platforms, representing a 15% increase in the amount of delisted instruments than for all of 2022. Analysts at Kaiko estimate that <a href="https://crypto.news/tag/coinbase/">Coinbase</a> removed a total of 80 trading pairs as of October 2023, bringing the total amount of delisted instruments from its platform to 176 in 2023. 
In early December 2023, Binance’s newly-appointed chief executive, Richard Teng, acknowledged in an interview with CoinDesk that the compliance control the exchange had at launch was “inadequate,” adding that “mistakes were made.” His comments came after the U.S. Department of Justice <a href="https://www.justice.gov/opa/speech/attorney-general-merrick-b-garland-delivers-remarks-announcing-binance-and-ceo-guilty" target="_blank" rel="noreferrer noopener">said</a> Binance’s staff “knew that the company’s anti-money laundering procedures were inadequate and would attract criminals to the platform.” 
 Read more: <a href="https://crypto.news/binance-cofounder-alarmist-kill-fud-unwarranted/"> Alarmist talk will not kill Binance, co-founder says </a>

Binance accelerates delistings as regulatory pressure intensifies

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