URGENT NEWS! Discover the news that could save you from suffering a significant loss of your assets.
Spoyler: Monitoring.
As I have already mentioned in previous posts, the sale and purchase flow has a great impact on the volatility of a crypto asset, and below I will deal with a subject that your knowledge of can save you from exposing yourself to a possible loss of your patrimony.
Binance monitors and evaluates all assets available on its platform, and every quarter announces which token will or will not be removed.
The monitoring and removal of a token is carried out to improve the experience of its users, increasing the company's transparency towards the user and also controlling the risk of use.
The possible delisting of a token on Binance occurs when a listed token or spot/margin trading pair no longer meets its standards, thus protecting users' interests.
Monitoring Tag additions or removals are completed in the first week of each new quarter.
Because Binance is the largest cryptocurrency broker in the world, its removal announcement alone generates a tremendous negative impact on the exposed token.
Just to give you a small idea of the size of the impact that Binance has, this is only in the announcement phase, regarding a token removed from its services, I use as an example $OMG , which was recently listed by Binance as one of the assets that will be removed this quarter, where it went from $0.7~ to $0.4~, thus suffering a drop of more than 30% in around 7 days, in which, currently, it still continues to decline.
Conclusion: If you have any assets on Binance that are listed as "Monitoring" I would recommend evaluating the situation and if possible removing them from your wallet. Because if it happens to be listed among Binance's delisted assets in a given quarter and you have it in your portfolio, you will be exposed to a great risk of suffering a significant loss.
I hope I have given you clarity and informative value.
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