Recently, Binance has included the following 11 cryptocurrencies in the Monitoring Tag risk category. Investors who are trading these currencies should take note.
List of banned cryptocurrencies Binance put in risk section:
- Balancer (BAL)
- Cortex (CTXC)
- PowerPool (CVP)
- Convex Finance (CVX)
- Dock (DOCK)
- Kava Lend (HARD)
- IRISnet (IRIS)
- MovieBloc (MBL)
- Polkastarter (POLS)
- Status (SNT)
- Sun (SUN)
Tokens in the “Monitoring Tag Risk” category are highly volatile tokens that pose significantly higher risks than other tokens listed on the exchange. Tokens in this category will be monitored more closely, and Binance will conduct regular reviews of these tokens.
If any token no longer meets Binance’s criteria and requirements, that token will be delisted.
Some of Binance’s mandatory criteria for a cryptocurrency project include:
- The development team’s commitment to the project
- Ensure the level and quality of project development activities
- Guaranteed trading volume and liquidity
- Ensure network stability and security from attacks
- Ensure network/smart contract stability
- Ensuring the ability to meet Binance’s periodic appraisal requirements
- Contribute to a healthy and sustainable cryptocurrency ecosystem
Recently, Binance also announced to remove 2 cryptocurrencies from the Monitoring Tag risk section, because these 2 projects have met the above criteria.
- Enzyme (MLN)
- Horizon (ZEN)
See also: History shows Bitcoin will recover in July
