Recently, Binance has put the following 11 cryptocurrencies in the Monitoring Tag risk category. Investors who are trading these currencies should take note.
List of cryptocurrencies listed as risky by Binance:
Balancer (BAL)
Cortex (CTXC)
PowerPool (CVP)
Convex Finance (CVX)
Dock (DOCK)
Kava Lend (HARD)
IRISnet (IRIS)
MovieBloc (MBL)
Polka starter (POLS)
Status (SNT)
Sun (SUN)
Tokens in the “Risk Monitoring Tag” are highly volatile tokens and have significantly higher risk than other listed tokens on the exchange. Tokens in this category will be monitored more closely, and Binance will have 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 safety 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.
