The cryptocurrency exchange Binance has introduced a feature for tracking Locked Addresses and a Concentration Indicator. These new tools aim to assist traders in making more informed decisions when trading crypto assets, as reported in the platform’s blog.
The features are available under the “Information” tab on the token page in both the web version of the exchange and the mobile app. Data is updated in real-time.
Locked Addresses helps users understand what portion of a project’s tokens are locked for a specific period (vesting period). For detailed information about the addresses, users need to hover over the “Circulating Supply” indicator.
The “Concentration” indicator reveals the level of token distribution among holders. The system employs a weighted formula that considers concentration both on Binance and beyond, providing a score from 0 to 100.
A high score indicates a significant likelihood of volatility, as actions by large players can greatly affect the asset’s price. A low score suggests a broader distribution and potentially lower volatility risk.
“Users need greater transparency and tools to better understand the tokens they trade. Binance is not just disclosing more information about projects — we are setting new standards for market transparency,” stated the exchange’s co-founder Yi He.
Previously, Binance integrated CoinMarketCap data to display token unlock schedules and also provided access to projects’ financial reports.
In June, Binance’s share in spot trading reached its highest levels in the past 12 months.