Binance created the monitoring tag for certain assets

Binance, one of the leading cryptocurrency exchanges, implemented a “monitoring tag” to address the volatility and risks associated with certain digital assets. This measure affects a specific list of tokens, including Monero (XMR), Zcash (ZEC), Horizen (ZEN) and Firo (FIRO).

In an official statement, Binance explained that tokens marked with the monitoring tag exhibit “significantly higher volatility and risks compared to other listed tokens.”

In addition, he pointed out that these tokens are at risk of not meeting listing criteria, which could result in their removal from the exchange. Binance stressed that tokens with this tag will be subject to regular reviews.

During these reviews, various criteria will be evaluated, including trading volume and liquidity, stability and security of the network, as well as contribution to the crypto ecosystem in terms of health and sustainability. The capacity to respond to periodic due diligence requests will also be considered.

K. Tovar

Source: Criptotendencia

(Reference image source: Dmytro Demidko, Unsplash)

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