Binance May Delist 11 New Altcoins

Crypto exchange Binance reviewed 13 altcoins, deciding to remove 2 from the watch list and add 11 new ones.

This careful evaluation is part of their ongoing efforts to ensure the quality of the assets included in their platform.

New Watchlist Additions:

• Balance (BAL)
• Cortex (CTXC)
• PowerPool (CVP)
• Convex Finance (CVX)
• Dock (DOCK)
• Kava Lend (HARD)
• IRIS (IRIS)
• Movie Block (MBL)
• Polkastarter (POLS)
• Status (SNT)
• Sun (SUN)

Tokens removed from watchlist:

• Enzyme (MLN)
• Horizon (ZEN)

Just In: Binance announced that it has added Monitoring tags to the following tokens, warning that these tokens may be delisted: Balancer (BAL), Cortex (CTXC), PowerPool (CVP), Convex Finance (CVX), Dock (DOCK), Kava Lend (HARD), IRISnet (IRIS), MovieBloc (MBL), Polkastarte…

— Wu Blockchain (@WuBlockchain) July 1, 2024

These changes are effective from July 1, 2024. It is important to note that tokens bearing a Tracking Tag are characterized by significantly higher volatility and risk compared to others altcoins, included in the list. These cryptocurrencies are under constant scrutiny, with regular checks to ensure they meet their listing criteria.

Tokens that no longer meet the specified standards and carry a tracking label are at risk of being delisted.