Binance adds monitoring tags to monitor anonymous coins such as ZEC and XMR, and cancels GMX and SUSHI seed tags

OKX announced on December 29 that it would delist a large number of privacy currency spot trading pairs, including ZEC, ZEN, XMR and DASH. Within a week, Binance also took relevant measures. Have privacy coins become the next regulatory focus?

Binance adds monitoring tags for stealth tokens

Binance stated in the announcement that based on a recent internal review, it has decided to add monitoring tags to the following currencies:

Vai(VAI)

Firo(FIRO)

Zcash(ZEC)

Reef(REEF)

Mdex(MDX)

Aragon(ANT)

Horizen(ZEN)

Monero(XMR)

Keep3rV1(KP3R)

MobileCoin(MOB)

According to Binance, the "monitoring label" means that the currency shows significantly higher volatility and risk than other listed currencies. These tokens will be closely monitored and reviewed regularly.

In addition, tokens with monitoring tags may no longer meet Binance’s listing standards and may be removed from the platform. To obtain trading permissions for tokens with monitoring tags or seed tags, users must pay 90 Days are required to pass the corresponding quiz on the Binance Spot/Margin platform and accept the terms of use.

Remove GMX and SUSHI seed tags

Binance announced in the same announcement that it will remove the GMX and SUSHI seed tags on January 4.

The seed tag is to remind users that these currencies may have higher volatility and risk.

On December 29, OKX announced that it would delist a large number of privacy currency spot trading pairs, including ZEC, ZEN, XMR and DASH.

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