- 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.
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Binance categorizes Monero and Zcash as high-risk assets
