10 Altcoins for Potential Delisting
Binance is one of the world’s largest cryptocurrency exchanges, and has outstanding potential for 10 altcoins to be closely monitored.
This review will take about 30 days, reflecting Binance’s attempt to improve the quality of the market.
Binance Shortlist 10 Altcoins for Delisting
Announcement List Goplus Security (GPS)Binance shared another update detailing its monitoring tag extending it to 10 AltCoins.
Specifically, Aergo (Aergo), Alpaca Powder Finance (Alpaca), Air swap (AST), Badge road (badge), burger (Burger), combo (combo), NULS (NULS), STP (STPT), UNILEND (UFT) and VIDT DAO (VIDT) are now on the list, effectively putting them on high risk.
“Tokens with monitoring tags show significantly higher volatility Risk and risk compared to other listed tokens. These tokens are closely monitored and are regularly reviewed. Remember that tokens with surveillance tags have the potential to no longer meet our listing standards and stand out from the platform. ” Explained In the blog.
Therefore, Binance has implemented new requirements for users who wish to trade any tokens they are tagged on to which they are tagged Spot trading and Margin Platform. To gain access, traders must pass the risk awareness test every 90 days. This measure ensures that users understand the risks associated with these tokens before making a transaction.
Communication stressed that this shortlist does not guarantee a standout. Binance will conduct regular project reviews and decide whether to add or remove monitoring tags. It is worth noting that this decision will depend on current findings after the review process.
However, this guarantee does not arrange for token holders. The value of the 10 cited tokens fell after this potential announcement, and the value of the 10 cited tokens fell as investors traded news.
It is worth noting that tokens with monitoring tags are at high risk Regulatory uncertaintylow liquidity or Extreme fluctuations. Binance displays this tag in the corresponding position, and Margin trading Page and Market Overview Section. Additionally, whenever the user interacts with these tokens, the exchange displays a risky banner.
Quote community feedback, Leadership communication through trading volume Indicates that its monitoring tag will now be updated monthly. However, it will continue to review the removal of surveillance and seed labels every quarter.
“New projects will be added in the first week of each month,” the exchange added.
By implementing this requirement, Binance aims to educate and protect its users to ensure they make informed decisions. This move reflects the increasing attention of the exchange Risk Management and compliance Regulatory environment.
Meanwhile, the decline seen on affected tokens is not surprising, a typical reaction to such announcements. For example, in December, Binance decided to set three Altcoins apart Sent a cliff’s influence order Record double-digit losses.
Instead, list announcements have the opposite effect. Beincrypto earlier reported on Binance Exchange how GPS transfers will soar tokens above more than 10%.
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