With the increased scrutiny on crypto projects, some currencies may be removed from the Binance platform or collapse due to weak projects or internal issues. Therefore, it is very important to know which currencies are under 'watch' and to handle them with extreme caution.
🔍 How to avoid questionable currencies on Binance?
1. First, go to the markets section.
2. Then, select the word 'data' from the top.
3. Scroll down and look for the word "areas".
4. Click on "areas", then select "monitored currencies".
What do monitored currencies mean?
These currencies have multiple notes and warnings, including:
Excessive supply of the currency (the supply), which reduces its value.
Low liquidity and low trading volume, which increases risks.
Problems in project management or the team running it.
Additional warnings may include legal issues, or non-compliance with regulatory standards.
Signals that the currency may be removed soon due to these issues.
📉 In short…
The currency being under observation means it is in a critical condition, and it is better to avoid it in all types of trading: spot, investment, and futures.
Future currencies I recommend 👇👇✅️
