Binance Announces Addition and Removal of Altcoins

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by Giorgi Kostiuk

2 years ago

Made with AI

Binance, known as the world's largest cryptocurrency exchange, commenced the new day and week by revealing updates about altcoins. In its latest communication, Binance disclosed information regarding 13 altcoins. The announcement clarified that 2 altcoins were taken off the watch list, while 11 new altcoins were included in the monitoring list. These changes signify a strategic shift in the altcoin selection process. The newly added altcoins to the watch list are BAL, CTXC, CVP, CVX, DOCK, HARD, IRIS, MBL, POLS, SNT, and SUN. Conversely, the altcoins that have been removed from the watch list are MLN and ZEN.

In the announcement, Binance emphasized the upcoming expansion of the Tracking Tag to encompass additional tokens from a specified date. The tokens slated to be incorporated into the Tracking Tag list are 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). Simultaneously, the tokens Enzyme (MLN) and Horizon (ZEN) will be excluded from the Tracking Tag list. Notably, altcoins bearing the Tracking Tag exhibit heightened volatility and risk compared to other listed altcoins. Binance's vigilant monitoring and periodic reviews ensure compliance with stringent listing criteria. Noteworthy is the cautionary remark that tokens with Tracking Tags face potential delisting if they fall short of platform standards.

This communication does not constitute investment advice.

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