Binance Announces Regular Token Listing Reviews – What Projects and Investors Need to Know
In a recent news article, the Coinmooner team highlighted an announcement from the largest centralized exchange, Binance, which holds the top spot on CoinMarketCap with a rating of 9.9/10. The evaluation takes into account average liquidity, trading volume, and confidence in the legitimacy of the exchange-provided volume. The exchange has declared an extension of monitoring for specific tokens, including popular cryptocurrencies like Monero (XMR), Zcash (ZEC), and others.
As stated in the official announcement, this means that these tokens exhibit significantly high volatility and risks for users. These tokens will undergo thorough monitoring, as emphasized by the world's largest exchange. The exchange also urges users to be aware that tokens under monitoring are at risk of being delisted if they fail to meet listing criteria.
To trade tokens labeled with monitoring on Binance Spot and/or Binance Margin platforms, users must undergo specific tests every 90 days and agree to the Terms of Use. These tests aim to enhance users' awareness of the risks associated with trading monitored tokens. Monitoring labels can be found on the trading pages of Binance Spot and Binance Margin, as well as on the Market Overview page. For all tokens with monitoring labels, a risk warning banner will also be displayed.
The message also mentions tokens that will be removed from the Seed Tag list. Users will receive a risk warning in case of exclusion. Binance plans to conduct periodic reviews of projects and decide on the addition or removal of monitoring labels and Seed Tags from tokens based on the latest data. Various criteria are considered, including the level and quality of development, as well as the project's contribution to a healthy and sustainable crypto ecosystem.
In the previous article titled "Coinmooner Team Sheds Light on Binance and Zhao's Downfall: Unregistered Exchange, Deception, and Swiss Fund Shenanigans Unveiled," it was emphasized that in 2023, the company underwent significant changes. Additionally, it faced legal authorities and regulators. Currently, the organization is noticeably focusing on the legality and security of its users, highlighting its commitment to society. These changes indicate a commitment to transparency and compliance with high standards in the cryptocurrency operations field.
This news warns users to pay closer attention to the tokens mentioned in the official announcement. We urge all investors to conduct a thorough analysis and be prepared for the potential removal of some cryptocurrencies from the Binance platform. The Coinmooner team is committed to monitoring updates from reliable sources and providing readers with current information. Additionally, we advise our readers to always focus on the latest information from trusted sources and consistently safeguard their investments in the Web3 world. Stay vigilant and stay informed by keeping an eye on updates.
