The Binance cryptocurrency exchange has expanded the list of coins that have received a “monitoring tag.” This category includes assets that are subject to high volatility and risks, the platform said in a statement.
Tokens with the Monitoring Tag exhibit notably higher volatility and risks. These tokens are closely monitored, with regular reviews conducted.
On the other hand, tokens with the Seed Tag represent new, innovative projects that may exhibit higher volatility and risks compared to…
— Binance (@binance) January 4, 2024
The privacy-oriented cryptocurrencies Monero (XMR) and Zcash (ZEC) were targeted by the crypto exchange. Binance also classified Aragon (ANT), Firo, Keep3rV1, Mdex, MobileCoin, Reef, Vai, Horizen as high-risk assets.
To gain access to trading tokens with the tag mentioned above, users are required to complete surveys every 90 days about the risks of interacting with crypto assets. Binance said it will conduct regular reviews of projects and decide whether to add or remove “monitoring tags” to tokens.
Last week, the OKX crypto exchange announced the delisting of XMR, ZEC and some other tokens. Platform CEO Jay Hao named the basic principles for choosing cryptocurrencies for placement on the platform.
Source: Cryptocurrency
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