Summary
- Binance announced that it has designated StormX and Troy with monitoring tags.
- Monitoring tags are applied to tokens with high volatility and risk.
- Binance stated that it has removed the monitoring tags from Convex Finance and Sun.
Global cryptocurrency exchange Binance announced that it will designate two cryptocurrencies, including StormX (STMX), with monitoring tags.
On the 2nd (local time), Binance announced through its official channel that it has registered StormX (STMX) and Troy (TROY) as assets with monitoring tags, while removing the monitoring tags from Convex Finance (CVX) and Sun (SUN).
Tokens with monitoring tags are those that exhibit significantly higher volatility and risk compared to other listed tokens, and are subject to thorough monitoring and regular review by the exchange.
YM Lee
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