Binance Issues Monitoring Tag on BAKE, IDEX, and SLF Amid Delisting Risks

Binance has placed BakeryToken (BAKE), IDEX (IDEX), and Self Chain (SLF) under its 'Monitoring Tag,' indicating heightened volatility and potential delisting risks. This decision stems from the exchange's periodic review, which assesses factors such as team commitment, development activity, and network stability. Traders dealing with these tokens are now required to complete a 90-day quiz cycle as part of Binance's risk management strategy. While immediate delisting is not confirmed, the move underscores the exchange's stringent compliance and due diligence processes. cryptocurrency investors should stay vigilant as these altcoins face increased scrutiny and potential market fluctuations.

3 Altcoins Face Delisting Risk on Binance Amid Exchange's Strict Review

Binance has flagged BakeryToken (BAKE), IDEX (IDEX), and Self Chain (SLF) with its 'Monitoring Tag,' signaling heightened volatility and potential delisting risks. The exchange's decision follows a periodic review evaluating team commitment, development activity, and network stability.

Traders of these tokens must now complete a 90-day quiz cycle, underscoring Binance's risk mitigation strategy. While not an immediate delisting, the tag serves as a stark warning—failure to meet criteria could result in removal from the world's largest crypto platform.