Binance Faces Pressure to Disclose Liquidation Data Amid Regulatory Scrutiny

COINOTAG News reported on February 3rd that Coinglass has urged Binance to enhance its transparency by publicly disclosing all liquidation data. This call for openness comes after Binance curtailed the publication of such data in June 2021. Binance CEO Changpeng Zhao (CZ) argues that revealing extensive liquidation data could negatively affect their perpetual futures trading. However, the absence of this information may not only hinder market confidence but also draw the scrutiny of regulators concerned with market integrity. The principle of data transparency is intrinsic to the blockchain ecosystem, and there is a growing consensus that clear reporting practices are essential for the long-term credibility and stability of cryptocurrency exchanges.