On July 9, 2025, Binance, the world's largest cryptocurrency exchange, announced the removal of risk tags for several altcoins, reflecting improvements in their status and progress.
Details of Risk Tag Removals
In its announcement, Binance stated that the 'Monitoring Tag' for Zcash (ZEC) was removed, indicating that this asset is no longer subject to close monitoring due to volatile price movements. Meanwhile, the 'Seed Tag,' applied to projects in development stages, was removed from Ethena (ENA), Pyth Network (PYTH), Bittensor (TAO), and Wormhole (W), signifying their advancement beyond this category.
Binance Evaluation Criteria
Binance considers several factors in assessing projects, including the dedication of the project team, the quality of development activities, trading volume and liquidity, network security, transparent communication, response to regular audits, adherence to ethical standards, regulatory compliance, changes in supply, ownership structure, and feedback from the core team and community.
Significance of Changes for Users
The removal of risk tags for the mentioned altcoins indicates that they now fully meet Binance's listing criteria. While this does not imply zero risk of delisting or price volatility, the changes reflect positive results from recent reviews. Binance continues to update its label system to alert users about potential risks.
Thus, the changes in labels for Zcash and other altcoins may significantly affect their market perception and future development. Binance continues to monitor altcoins to ensure a safe and transparent trading environment.
