Binance, the largest centralized cryptocurrency exchange, has introduced a community co-governance structure allowing users to vote on which tokens to list or delist. The exchange will present selected projects for voting, and those receiving the highest votes will be listed following due diligence. Projects that fail to provide updates or show signs of malfeasance may be placed in a 'monitoring zone', where community members can vote to delist them. This change comes amid a surge in the number of cryptocurrency tokens, which has led to calls for reevaluating listing procedures among exchanges. Some analysts suggest that the influx of new tokens dilutes market value. Coinbase's CEO highlighted the need to rethink listing strategies to manage the growing number of assets effectively.

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