The cryptocurrency exchange Binance has announced plans to expand its 'Monitoring Tag' to include new tokens. This decision may impact the future of these digital assets.
What is the Monitoring Tag
The 'Monitoring Tag' indicates tokens that exhibit significantly higher volatility and risks compared to other listed tokens on the platform. These tokens are closely monitored, with regular reviews conducted.
New Tokens Added
Starting July 7, 2025, Binance will add three tokens to its 'Monitoring Tag': BakeryToken (BAKE), IDEX (IDEX), and Self Chain (SLF). These tokens will undergo regular evaluations to determine compliance with listing standards.
Additional Changes on Binance
Binance also announced the launch of a new trading pair LPT/JPY with zero maker fees from July 10 to August 8. Moreover, from July 8 to 11, the collateral ratio for several crypto assets will be updated.
The expansion of the Monitoring Tag list on Binance highlights the platform's focus on security and compliance with listing standards. It also underscores the dynamic nature of the cryptocurrency market.