Altcoins
Binance Issues Warning, Adds Watch Tags to 11 Altcoins for Possible Delisting
Binance, the world’s largest cryptocurrency exchange by trading volume, has announced that 11 altcoins are facing possible delisting.
On Monday, Binance extended its “watch tag” to Balancer (BALL), cortex (CTXC), PowerPool (The vice president), Convex Finance (CVX), Dock (DOCK), Kava Lend (HARD), IRISnet (IRIS), FilmBloc (MBL), Polkastarter (POLES), Status (SNT) and the sun (SUN).
Binance claims that tokens with surveillance labels are more volatile and riskier than other crypto assets. The exchange monitors and conducts “regular reviews” of the labeled tokens.
Said Binance,
“Please keep in mind that tokens with the watch tag may no longer meet our listing criteria and be removed from the platform.”
Binance users who want to trade tokens with surveillance tags must pass quizzes every 90 days, designed to educate users about the risks associated with digital assets.
The exchange also removed two assets from its watch list: Enzyme (MLN) and Horizon (ZEN).
Enzyme is an on-chain asset management system that aims to enable access to digital assets and decentralized finance (DeFi) from a unified application. The project’s native token, MLN, is trading at $22.21 at the time of writing and is up nearly 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 crypto asset ranked 393rd by market cap is up more than 5% in the last 24 hours.
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