According to Binance’s announcement, on Wednesday, May 10, the trading floor will move 18 crypto assets into the “innovation zone”:
AirDAO (AMB), Ark (ARK), BitShares (BTS), Drep (DREP), FTX Token (FTT), Gifto (GFT), JasmyCoin (JASMY), Loom Network (LOOM), Enzyme (MLN), OAX (OAX), OMG Network (OMG), PERL.eco (PERL), pNetwork (PNT), SONM (SNM), Serum (SRM), Voyager Token (VGX), WazirX (WRX) and DFI.Money (YFII).
This is due to the high volatility of coins and the increased risk for investors.
Binance CEO Changpeng Zhao tweeted that instead of removing trading pairs with any “non-progressive crypto-asset,” the exchange will now move it into the innovation zone.
If the indicators remain at the same level and do not improve, then the asset will be removed from the trading platform.
Thus, Binance is introducing an intermediate stage to allow high-risk assets to avoid delisting.
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Users in the comments wrote that many coins that are not considered new also fall into the innovation zone. In response, Zhao joked that it was time to change her name.
In mid-April, Binance pulled the meme-based cryptocurrency SHIB from the Innovation Zone. This is usually the case when a crypto-asset proves to meet high standards.