announced Binance announced a new trading zone called “Innovation Zone.” The announcement of the new service was made through an official announcement, in which Binance indicated that the Innovation Zone allows users to trade new and innovative digital currencies that tend to have high volatility and pose higher risks than others.

Meaning and through the innovation zone, Binance aims to filter traders based on their appetite for risk, satisfying the appetites of daring traders, while protecting less favorable users from the volatility associated with these currencies.

Binance also emphasized in the announcement that all users will have to look carefully at Terms of use.

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Additionally, users will have to fill out a survey as part of the initial disclaimer.

It is reported that the questionnaire contains two questions as to whether the user is willing to bear a loss of 50% or more of his capital, and whether he is willing to accept responsibility for such a loss.

If the answer to either question is no, Binance will not allow the user to trade the new DeFi coins that the platform intends to include in the future.

Binance lists SUN as the first coin in its innovation area:

Binance provided an explanation of why it created the innovation zone, stating the following:

By launching the Innovation Zone, we can provide our users with a safer space to access new cryptocurrencies that are likely to have higher volatility than other tokens.

In this way, we are able to prevent more unwanted scenarios for our users who only want to access certain projects.

Initially Binance incorporated SUN cryptocurrency into the new innovation zone and trading of the cryptocurrency began on September 21 at 2:00 PM UTC.

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The trading pairs available at the moment are SUN/BTC and SUN/USDT.

Binance warned all users seeking to trade the new digital currency, noting that the currency is relatively new and that it poses a higher risk than usual.

As such, all interested users should practice risk management, ensure they do research on the basics of the digital currency, and fully understand the project before embarking on trading.

The move by Binance comes after the negative reaction from users of the platform after the SUSHI coin was listed without sufficient verification.

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