Cryptocurrency exchange Binance has expanded its Monitoring Tag to include four new tokens.
Binance Expands Tracking Label to Include BETA, BOND, WTC, and XEM Tokens
This update includes the following tokens, effective October 4, 2023:
Beta Finans (BETA) BarnBridge (BOND) Waltonchain (WTC) NEM (XEM)
*These coins are previously listed on Binance. This is not a new listing. On the contrary, it is a negative situation made to check whether the listed products meet these criteria. So, in the future, these coins will be controlled more by Binance.
It is important to note that the availability of products and services mentioned in this announcement may vary depending on the user’s region.
Monitoring Tag tokens are characterized by higher volatility and associated risks compared to other tokens listed on the platform.
Binance monitors these tokens closely and conducts regular reviews to ensure compliance with listing criteria.
However, it is very important to know that tokens carrying the Tracking Label are subject to the possibility of delisting if they no longer meet the platform’s listing standards.
Binance will conduct periodic project reviews to determine whether the Tracking Label status should be maintained or removed based on the latest findings. The following criteria will be taken into account during these reviews:
Commitment of the project team Level and quality of development activity Transaction volume and liquidity Stability and security of the network against possible attacks Network/smart contract stability Level of public communication Responding to periodic due diligence requests Evidence of unethical/fraudulent behavior or negligence Contribution to a healthy and sustainable crypto ecosystem
It is important to keep in mind that other services related to these tokens will not be affected. Tracking labeling for these tokens will be updated shortly after this announcement is published.
*This is not investment advice.