Binance, the world’s largest cryptocurrency exchange by trading volume, has announced that 11 altcoins could be delisted.
On Monday, Binance expanded its “monitoring tags” for 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 tokens with tags.
Binance says:
“Please keep in mind that tokens with monitoring tags may no longer meet the listing criteria and are at risk of being delisted from the platform.”
Binance users who wish to trade tokens with monitoring tags must pass a quiz every 90 days. This quiz is designed to inform users of the risks associated with digital assets.
The exchange also removed two assets, Enzyme (MLN) and Horizen (ZEN), from its list of monitoring tags.
Enzyme is an on-chain asset management system that aims to enable access to digital assets and decentralized finance (DeFi) in a single, integrated app. The project’s native token, MLN, is trading at $22.21 at the time of writing, up about 30% in the last 24 hours.
Horizen bills itself as a privacy-focused blockchain network. The project’s native token, ZEN, is trading at $7.13 at the time of writing. The 393rd largest cryptocurrency by market cap is up more than 5% in the past 24 hours.
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