Binance Adds Nearly A Dozen Crypto Assets To ‘Monitoring Tag’ List
Binance, the crypto exchange giant, has recently added several digital assets to its ‘Monitoring Tag’ list. The newly included coins and tokens are ANT, FIRO, KP3R, MDX, MOB, REEF, VAI, XMR, ZEC, and ZEN.
The decision to include these assets in the ‘Monitoring Tag’ list is attributed to their higher volatility and risks compared to their counterparts. Binance issued a warning that assets with the Monitoring Tag may face potential delisting from the platform.
Binance Might Remove Monitoring Tag After Periodic Reviews
According to a statement from Binance, tokens labeled with the Monitoring Tag display notably higher volatility and risks. These tokens undergo regular reviews, and there is a possibility of removal from the platform if they no longer meet listing criteria.
The removal decision will be made after periodic project reviews, considering factors such as the project team’s commitment, development activity, trading volume, liquidity, network security, smart contract stability, public communication, and contribution to a healthy crypto ecosystem.
What’s Next For Crypto Traders?
Additionally, users can trade tokens with the Monitoring Tag only if they pass corresponding quizzes, scheduled to take place in 90 days on the Binance Spot and/or Binance Margin platforms.
It’s worth noting that Binance has also removed the Seed Tag from two crypto assets, namely GMX (GMX) and SushiSwap (SUSHI).
In related news, Binance has delayed the launch of USDC-margined perpetual contracts for major digital assets, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), BNB, and XRP. Originally scheduled for Jan 3, the launch has been postponed to Jan 4, citing recent market volatility.
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