Binance has added four tokens, BETA, BOND, WTC and XEM, to its Monitoring Tag list due to non-compliance with initial listing criteria.
These tokens face potential delisting unless they make the necessary improvements. Tokens with the Monitoring Tag are known for higher volatility and risks, prompting Binance to conduct rigorous assessments and place responsibility on token issuers to meet listing standards.
Traders must now complete a quiz and accept Binance’s Terms of Use every three months to trade these tokens.
For users who wish to engage in trading these tokens, Binance has implemented an additional layer of caution. Traders must complete a quiz every three months on either the Binance Spot or Binance Margin platforms. This step is designed to ensure that traders have a comprehensive understanding of the risks associated with these tokens.
Additionally, they must accept Binance’s Terms of Use. Monitoring tags and risk warnings are prominently displayed. Binance assesses tokens based on team dedication, developmental quality, liquidity, network stability, responsiveness, ethical behavior, and contribution to the crypto ecosystem.
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