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Major cryptocurrency exchange Binance has announced the addition of four new altcoins to its watchlist: Beta Finance (BETA), BarnBridge (BOND), Waltonchain (WTC), and NEM (XEM). However, if these altcoins fail to meet Binance’s listing standards, they will be delisted.
Beta Finance, BarnBridge, Waltonchain, and NEM at Risk of Delisting
Binance, the world’s largest cryptocurrency exchange in terms of trading volume, has added Beta Finance, BarnBridge, Waltonchain, and NEM to its watchlist.
Altcoins added to the exchange’s watchlist are generally more volatile and carry higher risks compared to other altcoins. Each altcoin on the list is closely monitored and will be delisted if they fail to meet Binance’s listing standards.
Being delisted from a major cryptocurrency exchange like Binance means being excluded from a large investor community. As expected, such a move puts selling pressure on the price of the delisted altcoin.
Investors Must Pass Special Tests for BETA, BOND, WTC, and XEM Trading
Meanwhile, investors will need to pass relevant tests on Binance Spot and/or Binance Margin platforms every 90 days and accept the Terms of Use in order to trade BETA, BOND, WTC, and XEM included in Binance’s watchlist. These tests are conducted to ensure users are aware of the risks before trading the listed altcoins.
Users will still be able to access the respective Binance Spot and Binance Margin trading pages, as well as the Market Overview page for these altcoins, but each detail page will include a risk warning.