Binance has rolled out a major update to its token information methodology, aiming to improve transparency and provide traders with a clearer picture of token availability.
The new approach, effective today, February 14, refines how market capitalization and circulating supply are calculated. Binance will now collaborate with listed projects to integrate token unlock schedules into these metrics.
Previously, the exchange determined market capitalization by multiplying an asset’s liquidity by its price, while circulating supply referred to the number of tokens actively held by the public.
Under the updated system, market capitalization will now be based on circulating supply—including unlocked tokens—multiplied by the current price. If information on unlocked tokens is unavailable, non-publicly accessible tokens will be excluded from the calculations. Similarly, the circulating supply metric will now reflect unlocked tokens, ensuring a more precise measure of assets available for trading.
Binance emphasized that this adjustment will improve user experience by offering a clearer view of token supply, allowing traders to make better-informed decisions. It also announced that users can now access token unlock schedules via Binance’s website and mobile app for increased transparency.
In a separate development, the exchange’s payment service, Binance Pay has partnered with blockchain payment provider xMoney to expand crypto payment accessibility. This integration extends Binance Pay’s reach to over 32,000 businesses across industries such as luxury retail, travel, gaming, and real estate.
The exchange claimed the move is in response to the region’s increasing demand for efficient digital payment solutions. According to Jonathan Lim, Global Head of Binance Pay,
“The ability to pay for luxury goods, travel, and even government services with crypto demonstrates how digital currencies are becoming a practical tool for everyday transactions.”
Meanwhile, Binance has secured a 60-day pause in its legal battle with the U.S. Securities and Exchange Commission (SEC). U.S. District Judge Amy Berman Jackson approved the temporary halt, which will last until April 14. This break is intended to give both parties time to assess new regulatory developments that could impact the case.
If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.
“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”
