One of the world’s largest cryptocurrency exchanges in Binance called ten altcoins that can fall under the fast divisting.
We tell you what altcoins risk the abyss from the Binance platform in the near future.
Binance selected 10 altcoins for possible delusting
On April on April, Binance assigned the “monitoring tag” the next batch of altcoins. Delistering was threatened:
- Ardor (Ardr)
- Biswap (BSW)
- Flamingo (FLM)
- Lto Network (LTO)
- NKN (NKN)
- PlayDapp (PDA)
- Perpetual Protocol (Perp)
- Viberate (VIB)
- Voxies (Voxel)
- Wing Finance (Wing)
In this regard, the crypto -rope introduced a new requirement for users who sell mentioned cryptocurrencies on the spare and margin platforms. In order to gain access to these assets, traders need to go through a test of risks every 90 days.
Binance emphasized that having on the list does not mean mandatory divisting. The cryptocurrency officer will regularly check the projects according to some criteria, including developers’ activity, and decide whether to leave or remove the monitoring tag. However, this did not reassure the holders of the above tokens.
Immediately after the announcement of the possible delusting of the quotes of the ten mentioned altcoins, they decreased sharply. The LTO coin suffered the greatest losses – against the background of the announcement, its price collapsed by more than 37%.
Tokens with a monitoring tag represent high risks due to uncertainty in regulation, low liquidity or high volatility. This label is displayed on the pages of sport and marginal trade, as well as in the section of the market review. In addition, Binance warns of risks when interacting with such coins.
Referring to community reviews, the trading platform said that she would update tags monthly.
In March, the crypto -rope conducted an audit and assigned a similar mark 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 for the Binance announcement also reacted with a sharp fall.
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Source: Cryptocurrency
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