Binance May Delist 10 Altcoins

One of the world's largest cryptocurrency exchanges, Binance, has named ten altcoins that could be subject to imminent delisting.

We tell you which altcoins are at risk of disappearing from the Binance platform in the near future.

Binance Selects 10 Altcoins for Possible Delisting

On April 3, Binance assigned a “monitoring tag” to another batch of altcoins. The following were at risk of delisting:

• Ardor (ARDR)
• Biswap (BSW)
• Flamingo (FLM)
• LTO Network (LTO)
• NKN (NKN)
• PlayDapp (PDA)
• Perpetual Protocol (PERP)
• Viberate (VIB)
• Voxies (VOXEL)
• Wing Finance (WING)

“Tokens with the monitoring tag have higher volatility and risks compared to other coins. We closely monitor them and conduct regular checks. Please be aware that such tokens may no longer meet our criteria and may be removed from the platform,” the Binance team explained.

In this regard, the crypto exchange has introduced a new requirement for users who trade the mentioned cryptocurrencies on the spot and margin platforms. In order to gain access to these assets, traders must pass a risk awareness test every 90 days.

Binance emphasized that being listed does not necessarily mean delisting. The crypto exchange will regularly check projects based on certain criteria, including developer activity, and decide whether to leave or remove the monitoring tag. However, this did not reassure holders of the above-mentioned tokens.

Immediately after the announcement of a possible delisting, the quotes of the ten altcoins mentioned fell sharply. The LTO coin suffered the greatest losses – against the backdrop of the announcement, its price fell by more than 37%.

Tokens with the monitoring tag represent high risks due to regulatory uncertainty, low liquidity, or high volatility. This label is displayed on the spot and margin trading pages, as well as in the market overview section. Binance also warns of the risks associated with such coins.

Citing community feedback, the marketplace said it would update the tags monthly.

“We will be adding new projects in the first week of each month,” Binance added.

In March, the crypto exchange conducted a review and assigned a similar label to the following assets:

• Aergo (AERGO)
• Alpaca Finance (ALPACA)
• AirSwap (AST)
• Badger DAO (BADGER)
• BurgerCities (BURGER)
• COMBO (COMBO)
• NULS (NULS)
• STP (STPT)
• UniLend (UFT)
• VIDT DAO (VIDT)

All the mentioned assets also reacted to Binance's announcement with a sharp decline.

Источник: cryptocurrency.tech