Major crypto exchange Binance has assigned “monitoring tags” to a number of coins, including privacy-focused Monero and Zcash.
#Binance will add the Monitoring tag to more tokens and will remove the Seed tag for selected tokens.
Find the list of tokens below⬇️https://t.co/RkOQisUv7G
— Binance (@binance) January 4, 2024
“Tokens with a monitoring tag are characterized by significantly higher volatility and risks. These tokens are carefully monitored and regular checks are carried out,” explained company representatives.
In addition to XMR and ZEC, the company targeted:
- Aragon (ANT);
- Firo (FIRO);
- Keep3rV1 (KP3R);
- Mdex (MDX);
- MobileCoin (MOB);
- Reef (REEF);
- Go Go);
- Horizen (ZEN).
“Please be aware that tokens with the monitoring tag are at risk of no longer meeting our listing criteria,” Binance said.
To gain access to trading, users must complete short surveys every 90 days about the risks of interacting with the above crypto assets.
“The monitoring tag was placed on FIRO and other privacy-focused coins due to increased regulatory pressure, including MiCA, recent initiatives in the US, and compliance with Binance’s agreement with the DOJ,” Firo co-founder told The Block. Ruben Yap.
Last week about the delisting of ANT, XMR, ZEC and ZEN and the removal of a number of trading pairs as well announced OKX platform.
Let us remind you that in December, Binance stopped supporting the BUSD stablecoin.
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2024-01-04 11:22:49
#Binance #lists #Zcash #Monero #risky #crypto #assets
