Binance, the leading cryptocurrency exchange, has added monitoring tags to 11 altcoins, indicating their potential for delisting.
Affected Altcoins
The tagged coins include:
- Balancer (BAL)
- Cortex (CTXC)
- PowerPool (CVP)
- Convex Finance (CVX)
- Dock (DOCK)
- Kava Lend (HARD)
- IRISnet (IRIS)
- MovieBloc (MBL)
- Polkastarter (POLS)
- Status (SNT)
- Sun (SUN)
Monitoring and Delisting Criteria
Binance states that tokens with monitoring tags are deemed more volatile and risky. The exchange regularly reviews these tokens and may delist them if they no longer meet its listing criteria.
User Precautions
Users who wish to trade tagged tokens must complete quizzes every 90 days to acknowledge the associated risks.
Removed from Monitoring List
Two assets, Enzyme (MLN) and Horizen (ZEN), have been removed from the monitoring list.
Cautionary Note
Binance advises investors to exercise caution when trading tagged tokens and to conduct thorough research before making any investment decisions.
