Binance, the leading cryptocurrency exchange in terms of trading volume, has declared that 11 altcoins are at risk of being delisted.

In an announcement on Monday, Binance added a “monitoring tag” to 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 with monitoring tags are considered to be more volatile and risky compared to other cryptocurrencies. The exchange regularly reviews and monitors these tagged tokens.

Binance stated, “Keep in mind that tokens with the Monitoring Tag are at risk of no longer meeting our listing criteria and being delisted from the platform.”

Traders on Binance who wish to trade tokens with monitoring tags are required to take quizzes every 90 days to familiarize themselves with the risks associated with these digital assets.

Additionally, Binance removed two assets, Enzyme (MLN) and Horizen (ZEN), from its monitoring tag list. Enzyme is an on-chain asset management system designed to provide access to digital assets and decentralized finance (DeFi) through a unified app. The native token, MLN, is currently trading at $22.21 and has seen a nearly 30% increase in the past 24 hours.

Horizen is a privacy-focused network of blockchains, with its native token, ZEN, trading at $7.13 at the time of writing. This crypto asset, ranked 393rd by market cap, has experienced a more than 5% increase in the past 24 hours.

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