Binance, the world’s largest crypto exchange by trading volume, has announced that 11 altcoins may be delisted.
On Monday, Binance expanded its “monitoring tag” to Balancer (BAL), Cortex (CTXC), PowerPool (CVP), Convex Finance (CVX), Dock (DOCK), Kava Lend (HARD), IRISnet (IRIS), MovieBloc (MBL ), Polkastarter (POLS), Status (SNT) and Sun (SUN).
Binance says tokens with monitoring tags are more volatile and risky than other crypto assets. The exchange monitors and conducts “regular reviews” of tagged tokens.
Say Binance,
“Please note that tokens with the Monitoring Tag are at risk of no longer meeting our listing criteria and being removed from the platform.”
Binance users who want to trade tokens with monitoring tags must take quizzes every 90 days, designed to make users aware of the risks associated with the digital assets.
The exchange also removed two assets from its monitoring tag list: Enzyme (MLN) and Horizen (ZEN).
Enzyme is an on-chain asset management system that aims to enable access to digital assets and decentralized finance (DeFi) from one unified app. The project’s native token, MLN, is trading at $22.21 at the time of writing and is up almost 30% in the last 24 hours.
Horizen profiles itself as a privacy-oriented network of blockchains. The project’s native token, ZEN, is trading at $7.13 at the time of writing. The crypto asset ranked 393rd by market capitalization is up more than 5% in the past 24 hours.
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