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Binance, the world's largest cryptocurrency exchange by trading volume, has announced the addition of a Monitoring Tag to ten tokens. This move indicates that these tokens may face potential delisting due to their volatility and risk. Binance had previously delisted several of these tokens in France last year in compliance with local regulations.
In a post on its website dated January 4, Binance revealed that it added the Monitoring Tag to ten crypto tokens: Aragon, Firo, Keep3rV1, Mdex, MobileCoin, Reef, Vai, Monero, Zcash, and Horizen. The company stated that this tag is indicative of "notably higher volatility and risks compared to other listed tokens." Binance went on to say that it will monitor and regularly review these flagged tokens and could potentially remove them from its platform.
According to the post on Binance's website, the exchange takes into account multiple factors when deciding whether or not to delist a token. These include the status of its development, how frequently the token's issuer communicates with the public, how responsive the issuer is to Binance's due diligence requests, any evidence of negligence or fraudulent activity, and whether or not the token contributes "to a healthy and sustainable crypto ecosystem."
