Altcoins
Binance issues warning, adds watch tags to 11 altcoins for potential delisting
Binance, the world’s largest cryptocurrency exchange by trading volume, has announced that 11 altcoins are at risk of potential delisting.
On Monday, Binance extended its “monitoring tag” to Balancer (BAL), Bark (CTXC), Power Pool (Code of Conduct), Convex Finance (CVX), Dock (DOCK), Kava Lend (HARD), IRISnet (IRIS), Movie Block (MBL), Polka starter (POLITICIANS), State (SNT) and Sun (SUN).
Binance says that tokens with tracking tags are more volatile and risky than other crypto assets. The exchange monitors and conducts “regular reviews” of tagged tokens.
He says Binance,
“Please note that tokens with the tracking tag are at risk of no longer meeting our listing criteria and being removed from the platform.”
Binance users who wish to trade tokens with tracking 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 watchlist: Enzyme (Millions of dollars) 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 single, unified app. The project’s native token, MLN, is trading at $22.21 at the time of writing and is up nearly 30% in the past 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-ranked cryptocurrency by market cap is up more than 5% in the past 24 hours.
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