📢 Binance announced the addition of 4 tokens (BETA, BOND, WTC and XEM) to the monitoring list. This means they do not meet the listing criteria they met when they were originally listed. Now their fate on Binance hangs in the balance - they must improve their performance or risk being removed from the exchange. 🚨
Tokens with a monitoring label typically have higher volatility and associated risks. Binance conducts strict periodic evaluation of such tokens. Responsibility for compliance with Binance listing standards lies with the tokens themselves. If they fail to meet these requirements, they may be removed from the platform.
For users wishing to trade these tokens, Binance is introducing an additional level of precaution. They must successfully pass a test every three months on the Binance Spot or Binance Margin platforms. This move is intended to ensure that traders understand the risks associated with such tokens.
In addition, they must agree to the platform's Terms of Use. Binance has placed monitoring labels on relevant trading pages and the Market Watch page to keep users aware. Tokens with this label will also come with a risk warning banner highlighting their volatile nature.
Tokens with a monitoring label typically have higher volatility and associated risks. Binance conducts strict periodic evaluation of such tokens. Responsibility for compliance with Binance listing standards lies with the tokens themselves. If they fail to meet these requirements, they may be removed from the platform.
For users wishing to trade these tokens, Binance is introducing an additional level of precaution. They must successfully pass a test every three months on the Binance Spot or Binance Margin platforms. This move is intended to ensure that traders understand the risks associated with such tokens.
In addition, they must agree to the platform's Terms of Use. Binance has placed monitoring labels on relevant trading pages and the Market Watch page to keep users aware. Tokens with this label will also come with a risk warning banner highlighting their volatile nature.