Binance Adjusts Monitoring and Seed Tags, Adds StormX (STMX) and TROY (TROY)

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.

Binance, the leading cryptocurrency exchange, has announced adjustments to its Monitoring and Seed Tags, effective January 2, 2025. These updates are part of Binance's ongoing efforts to maintain a secure and transparent trading environment on the platform.

The changes include adding StormX (STMX) and TROY (TROY) to the Monitoring Tag list, while Convex Finance (CVX) and Sun (SUN) will be removed from the list. Furthermore, the Seed Tag will be removed from Arkham (ARKM), Blur (BLUR), Jito (JTO), and Celestia (TIA).

These decisions are made following Binance's periodic project reviews and are intended to align with the exchange's listing criteria.

Understanding Binance's Tag System

Tokens marked with a Monitoring Tag are deemed high-risk due to increased volatility and market uncertainties. They are subject to continuous assessments to ensure they adhere to Binance's standards. Failure to meet these standards may trigger delisting.

On the other hand, the Seed Tag denotes projects in their early stages. To trade these tokens, users must complete a quiz every 90 days. The quiz is designed to help users understand the risks associated with such projects.

Tokens with Updated Tags

Here's a summary of the tokens with updated tags:

This article provides only general information and does not constitute financial advice or advice of any kind. The article is not intended as, and shall not be construed to be, an offer, invitation, or inducement to buy, sell, subscribe, orἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹἹ