10 Altcoins at Risk of Binance Delisting: What You Should Know

Binance, a premier global cryptocurrency exchange, has identified 10 altcoins for heightened monitoring, indicating they might face delisting.

This review process will unfold over approximately 30 days and embodies Binance's commitment to improving market quality.

Binance’s Selected Altcoins for Monitoring

After announcing the inclusion of GoPlus Security (GPS) in its listings, Binance disclosed that it would extend monitoring protocols to an array of 10 altcoins.

The selected coins are Aergo (AERGO), Alpaca Finance (ALPACA), AirSwap (AST), Badger DAO (BADGER), BurgerCities (BURGER), COMBO (COMBO), NULS (NULS), STP (STPT), UniLend (UFT), and VIDT DAO (VIDT)—all facing an increased risk of delisting.

“Tokens marked with the Monitoring Tag exhibit significantly higher volatility and risk levels compared to other listed tokens. These assets will be monitored closely, with ongoing reviews to ensure they meet our listing criteria,” Binance stated in a recent blog post.

To trade any tokens tagged as such on its Spot and Margin platforms, Binance now mandates that users complete a risk-awareness quiz every 90 days. This initiative aims to educate traders about the risks associated with these assets before they commence trading activities.

While this initiative is meant to enhance user understanding, the exchange clarified that inclusion on the watchlist does not automatically imply that these tokens will be delisted. Decisions regarding the Monitoring Tag will depend on the outcomes of current project reviews.

Despite assurances from Binance, the response from token holders was immediate, with the prices of the 10 identified tokens experiencing a notable decline, showing substantial losses as investors reacted to the news.

Tokens with a Monitoring Tag are under scrutiny due to various factors including regulatory uncertainty, low liquidity, and extreme price fluctuations. Binance displays warnings on the relevant Spot and Margin trading pages, emphasizing the risks associated with these tokens.

Taking community feedback into account, Binance confirmed that the monitoring list will be updated monthly. However, reviews for the removal of Monitoring and Seed Tags will occur quarterly.

“New projects will be incorporated during the first week of each month,” the exchange added.

This step by Binance aims to promote user education and protection, emphasizing informed trading decisions amidst an evolving regulatory landscape.

Market reactions to such announcements are not unexpected. For example, previous decisions by Binance to delist certain altcoins led to significant price drops. Conversely, announcements about listings typically generate positive market responses.