Summary
- Binance announced that it has added monitoring tags to certain tokens including BIFI, FIS, KMD, and MDT.
- A monitoring tag signals to investors that extra caution is needed due to assets exhibiting high volatility and fluid listing criteria.
- Binance stated it will regularly review these projects to determine whether the monitoring tags should remain.
Global cryptocurrency exchange Binance has added monitoring tags to certain tokens including BIFI and FIS, urging caution due to their volatility.
On the 5th (local time), Binance announced through its official channels that it would assign monitoring tags to four tokens: Rain (BIFI), StarFi (FIS), Komodo (KMD), and Measurable Data Token (MDT). The monitoring tag is applied to assets that require caution during trading due to relatively high volatility and flexible listing criteria.
Binance added, "We regularly review projects to decide whether to maintain the monitoring tags."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
