Binance Places $2.89B Monero’s XMR Token on Watchlist: Details

• Binance puts ten coins, including privacy tokens XMR, ZEC, FIRO, and ZEN, on a watchlist for potential delisting.
• The tokens display higher volatility and risks than other listed tokens.
• Binance users must pass a quiz to demonstrate awareness before trading tokens on the watch list.

In a recent announcement, crypto exchange Binance disclosed several new additions to its list of monitored tokens, with many notable privacy-focused projects targeted. Specifically, Binance has identified privacy coins Monero (XMR), Zcash (ZEC), Horizen (ZEN), and Firo (FIRO), attaching a “monitoring tag” to them for potential delisting. 

Binance explained that tokens marked with this tag display higher volatility and risks than other listed tokens. The exhibited volatility put them at risk of not meeting the exchange’s listing criteria.

The exchange stated that regular reviews would be conducted on these tokens, considering trading volume, liquidity, and overall stability. Additionally, the project team’s responsiveness to periodic due diligence requests will be assessed during these reviews.

Furthermore, Binance has outlined that users must pass a quiz to demonstrate a…

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