Binance Issues Warning, Adds Monitoring Tags to 11 Altcoins for Potential Delisting

Binance, the world’s largest crypto exchange by trading volume, has announced that 11 altcoins are facing a potential delisting.

On Monday, Binance extended 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.

Says Binance,

“Keep in mind that tokens with the Monitoring Tag are at risk of no longer meeting our listing criteria and being delisted from the platform.”

Binance users who want to trade tokens with monitoring tags have to pass 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 time of writing and is up nearly 30% in the past 24 hours.

Horizen bills itself as a privacy-focused network of blockchains. The project’s native token, ZEN, is trading at $7.13 at time of writing. The 393rd-ranked crypto asset by market cap is up over 5% in the past 24 hours.

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