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Binance said it will add a Monitoring Tag to BICO and CVC, signaling higher volatility and delisting risks.
Binance will add a Monitoring Tag to BICO and CVC PANews October 9 reported that, according to an official announcement, Binance will, on October 9 add Biconomy (BICO) and Civic (CVC) to the Monitoring Tag list. Binance stated that tokens with a Monitoring Tag typically have higher volatility and risk, may no longer meet the platform's listing standards, and face the risk of delisting.
Source: https://www.panewslab.com/zh/articles/01a11f84-5331-7172-9d2e-ef1b9ea80a4e
PANews reported that Binance will, on October 9 add Biconomy (BICO) and Civic (CVC) to the Monitoring Tag list.
Binance stated that tokens with a Monitoring Tag typically have higher volatility and risk.
Binance stated that the relevant tokens may no longer meet the platform's listing standards and face the risk of delisting.
The following is analysis, separate from reported facts. Verify important claims independently.
A Monitoring Tag is Binance's indication of the relevant tokens' risks and compliance with the platform's standards. After being tagged, a token may face higher volatility and may also be at risk of delisting.
BICO and CVC face elevated trading risks; attention should be paid to whether Binance subsequently announces the removal of the tag or delisting.
Beginners should note that a Monitoring Tag does not mean a token has already been delisted, but it does mean they should monitor volatility and subsequent platform announcements.
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