Binance categorizes Monero and Zcash as high-risk assets

  • Binance, the cryptocurrency exchange, has expanded its list of coins that have been given a “monitoring tag.”
  • These coins are classified as high-risk assets due to their volatility and risks.
  • Some of the coins included in this category are Monero (XMR), Zcash (ZEC), Aragon (ANT), Firo, Keep3rV1, Mdex, MobileCoin, Reef, Vai, and Horizen.
  • To trade these coins, users must complete surveys every 90 days to assess the risks associated with interacting with crypto assets.
  • Binance will regularly review projects and determine whether to add or remove the “monitoring tag” for each token.
  • Last week, the OKX crypto exchange announced the delisting of XMR, ZEC, and other tokens, following specific principles outlined by CEO Jay Hao.
  • Binance previously delisted the BUSD stablecoin in December 2023 and advised clients to convert their assets to other stablecoins.