Binance Adds 11 Tokens To The Monitoring Tag List
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jul 01 2024- Binance Monitoring Tag Update: Binance has extended the Monitoring Tag to include 11 new tokens, while removing it for Enzyme (MLN) and Horizon (ZEN).
- Tokens Added to Monitoring Tag List: The newly added tokens under the Monitoring Tag list are Balancer, Cortex, PowerPool, Convex Finance, Dock, Kava Lend, IRISnet, MovieBloc, Polkastarter, Status, and Sun.
- Risk and Delisting Concerns: Tokens with the Monitoring Tag face higher volatility and risk, potentially leading to delisting if they no longer meet Binance's criteria.
- User Requirements: Traders must pass a quiz every 90 days and accept the Terms of Use to access these tagged tokens on Binance Spot and Margin platforms.
- Review Criteria and Transparency: Binance conducts periodic reviews based on various criteria like team commitment, development activity, trading volume, network stability, and ethical conduct to maintain a healthy crypto ecosystem.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
