Binance has announced the inclusion of 11 additional tokens to its Monitoring Tag list as of July 1. This move signifies an extension of the exchange’s effort to track tokens with higher volatility and risk.
The tokens newly added to the Monitoring Tag list are:
- Balancer (BAL)
- Cortex (CTXC)
- PowerPool (CVP)
- Convex Finance (CVX)
- Dock (DOCK)
- Kava Lend (HARD)
- IRISnet (IRIS)
- MovieBloc (MBL)
- Polkastarter (POLS)
- Status (SNT)
- Sun (SUN)
In contrast, Binance has removed Enzyme (MLN) and Horizon (ZEN) from the Monitoring Tag list.
Tokens under the Monitoring Tag exhibit more volatility and risk compared to other listed digital assets. Such tokens are closely monitored by the exchange, which conducts regular reviews. Tokens at risk of not meeting Binance’s listing criteria may face delisting.
To trade tokens with the Monitoring Tag, users must pass a quiz every 90 days on Binance Spot and Binance Margin platforms. This measure ensures traders understand the associated risks. Tokens with the Monitoring Tag are identifiable on the Binance Spot, Binance Margin trading pages, and the Market Overview page. A risk warning banner will be displayed with these tokens.
Binance regularly reviews projects to decide if the Monitoring Tag should be added or removed. Criteria for review include the team’s commitment, development activity, trading volume, liquidity, network stability, and public communication. Binance also evaluates responses to due diligence requests and evidence of unethical conduct.
Other services to the mentioned tokens will not be affected. Binance thanked its users for their continued support in promoting transparency and sustainable growth in the crypto ecosystem.
