Delist Alert Received from Binance for 11 Altcoins

Binance, the world's largest cryptocurrency exchange, gave delist signals for a total of 11 altcoins.

According to the statement made today, Binance added 11 more names to the altcoins on which it has placed a monitoring label.

Will follow closely

According to Binance's statement, Balancer (BAL), Cortex (CTXC), PowerPool (CVP), Convex Finance (CVX), Dock (DOCK), Kava Lend (HARD), IRISnet (IRIS), MovieBloc (MBL), Polkastarter (POLS). ), Status (SNT) and Sun (SUN) have also been added to the list.

Altcoins that Binance has placed a monitoring label on have higher volatility and risk levels compared to other altcoins on the stock exchange. Binance follows these closely and conducts regular reviews.

According to Binance's statement, these altcoins may be delisted from the exchange if they do not meet the criteria of the exchange after examination. These criteria include how committed the altcoin team is to the project, transaction volume and liquidity, the stability of the network and smart contract, and how much work is done to establish a healthy and sustainable ecosystem.

Two projects were removed from the list

Binance users must solve a test every 90 days in order to trade with tracking tag altcoins. With the last update, the number of altcoins with tracking tags exceeded 30.

While Binance added 11 new names to this list, it announced that 2 projects were removed from the list. These were Enzyme (MLN) and Horizon (ZEN)

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