• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Binance Adds STMX and TROY to Monitoring Tag, CVX and SUN Exit

user avatar

by Giorgi Kostiuk

a year ago

Binance has announced adjustments to its Monitoring and Seed Tags, effective January 2, 2025. These updates aim to maintain a secure and transparent trading environment on the platform.

Changes in Binance Tags

The changes include adding StormX (STMX) and TROY (TROY) to the Monitoring Tag list, while Convex Finance (CVX) and Sun (SUN) will be removed. Additionally, the Seed Tag will be removed from Arkham (ARKM), Blur (BLUR), Jito (JTO), and Celestia (TIA). These decisions are based on Binance’s periodic project reviews and aim to align with its listing criteria.

Importance of Monitoring and Seed Tags

Tokens with a Monitoring Tag are considered high-risk due to increased volatility and market uncertainties. They undergo regular evaluations to ensure they meet Binance’s standards. Failure to meet these standards could result in delisting.

Binance's Periodic Project Reviews

Binance regularly reviews projects to ensure compliance with platform standards. These reviews help keep tokens traded on the platform up-to-date and secure, providing investors with the necessary information to make informed decisions.

The updates to Binance's tags affect users' investment decisions by providing clearer insights into the risks and stability of each token.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

ZKP Introduces Proof Pods for Enhanced Privacy-Driven Computing

chest

ZKP has introduced Proof Pods, physical devices designed to support the network by generating zero-knowledge proofs for private computing tasks.

user avatarMaria Fernandez

IPO Genie Offers AI-Driven Access to Private Markets

chest

IPO Genie is addressing a gap in traditional finance by providing access to private and pre-IPO investment opportunities.

user avatarGustavo Mendoza

Future Expansion Plans for Bitwise Onchain Vault

chest

Looking ahead, Bitwise has indicated plans for future expansion of its onchain vault to support other stablecoins and crypto assets.

user avatarArif Mukhtar

Bitwise Vault Utilizes Overcollateralization for Risk Management

chest

The newly launched Bitwise onchain vault utilizes overcollateralization to mitigate default risk, requiring borrowers to lock crypto assets worth more than the loan value.

user avatarRajesh Kumar

New Zealand to Introduce Bitcoin Education in Schools

chest

New Zealand is set to integrate digital currency topics into the financial education framework for students in Years 1-10, with a fully mandatory rollout planned for 2027.

user avatarLuis Flores

Kevin O'Leary Predicts US Crypto Legislation Will Pass by May 15

chest

Kevin O'Leary expresses optimism that the US crypto market structure legislation will clear Congress by mid-May, despite ongoing delays.

user avatarMiguel Rodriguez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.