Binance, the world's largest cryptocurrency exchange by trading volume, has put several digital assets under scrutiny, including FTX Token (FTT), ZCash (ZEC), and JasmyCoin (JASMY). This indicates that these altcoins carry higher investment risks, and the exchange may delist any of these coins in the future.
Monitoring Altcoins on Binance
Binance uses a 'Monitoring Tag' for all altcoins under scrutiny. The exchange claims these cryptocurrencies generally have much higher volatility and risks compared to other listed tokens. Therefore, the platform uses the monitoring tag to protect investors from these altcoins’ increased volatility.
Standards and Delisting
Binance conducts regular reviews of these digital assets. If they don’t meet the exchange’s standards, they face delisting. The list of these altcoins is updated in the first week of every quarter after researching the digital asset’s community, price action, and other factors.
Market Under Review
The total market capitalization of tokens under Binance’s surveillance stands at $4.32 billion.
The review of tokens for compliance with Binance's standards helps protect investors from the volatility of altcoins and alerts them to potential risks. The future of the listed tokens will depend on the results of this review.
