Binance, the leading cryptocurrency exchange in terms of trading volume worldwide, has made public its plans to potentially remove 11 alternative coins from its listing.

On the recent Monday, Binance decided to place a “monitoring tag” on Balancer (BAL), Cortex (CTXC), PowerPool (CVP), Convex Finance (CVX), Dock (DOCK), Kava Lend (HARD), IRISnet (IRIS), MovieBloc (MBL), Polkastarter (POLS), Status (SNT), and Sun (SUN).

According to Binance, tokens marked with monitoring tags exhibit higher volatility and risk compared to other digital assets. The exchange consistently monitors these tagged tokens through routine assessments.

Binance stated, “It should be noted that tokens carrying the Monitoring Tag face the potential risk of no longer meeting our listing standards and may be removed from the platform.”

Traders on Binance who wish to transact with tokens under monitoring tags are required to complete quizzes every 90 days, which aim to educate users about the risks involved with these digital assets.

Additionally, Binance removed two assets from the monitoring list: Enzyme (MLN) and Horizen (ZEN).

Enzyme functions as an on-chain asset management platform, streamlining access to digital assets and decentralized finance (DeFi) through a unified application. The native token of this project, MLN, is currently valued at $22.21 and has seen an increase of nearly 30% within the past 24 hours.

On the other hand, Horizen positions itself as a privacy-centric blockchain network. The project’s native token, ZEN, is currently priced at $7.13 and has observed a rise of over 5% in the past 24 hours, placing it as the 393rd crypto asset by market capitalization.

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