Deniz 
In an official announcement on July 1, 2024, Binance disclosed significant changes to its monitoring tags for several tokens. This update affects both the inclusion and removal of monitoring tags, reflecting Binance’s ongoing commitment to maintaining the integrity and reliability of its platform.
Extended Monitoring Tags
Binance will extend its monitoring tag to encompass the following tokens:
- Balancer (BAL)
- Cortex (CTXC)
- Covalent (CVP)
- Convex Finance (CVX)
- Dock (DOCK)
- Kava Lend (HARD)
- IRISnet (IRIS)
- MovieBloc (MBL)
- Polkastarter (POLS)
- Status (SNT)
- Sun Token (SUN)
This extension aims to provide enhanced scrutiny and ensure compliance with Binance’s stringent standards.
Removal of Monitoring Tags
Simultaneously, Binance will remove the monitoring tags from Enzyme (MLN) and Horizen (ZEN). These tokens have demonstrated consistent compliance with Binance’s criteria, leading to the removal of their monitoring tags.
Implications for Users
These adjustments are part of Binance’s regular review process to maintain a secure trading environment. Users holding or trading the affected tokens should be aware of these changes and adjust their strategies accordingly. The extension of monitoring tags signifies that these tokens will be subject to closer observation, potentially affecting their market dynamics.
For further information, users are encouraged to visit Binance’s official announcement page or contact their support team.
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