!!! Binance Expands its Cryptocurrencies Watchlist !!!
On January 02, 2025, an official announcement was issued stating that #Binance is expanding its "Watchlist" by including $STMX and $TROY , and removing $CVX and $SUN , further stating that it is removing "Seed Tag" from $ARKM , $BLUR , $JTO , and $TIA.
Let me explains you here about this.
Binance said that in result of it latest review, it is changing the labels of some cryptocurrencies and the changes will come into effect on January 02, 2025.
In result of this review few cryptocurrencies have been added to the “Watchlist”, while few others will be removed from watchlist and the “Seed Tag” list.
The cryptocurrencies added to Watchlist are StormX (STMX) and TROY (TROY), which means that these are carrying higher risk and volatility compared to others. By being on Watchlist, Binance will closely monitor them and will conduct regular reviews. It may also be noted here that cryptocurrencies with the Surveillance Tag, if fails to meet the listing criteria, are also at risk of being removed from the platform. On the other hand, Convex Finance (CVX) and Sun (SUN) have been removed from the Surveillance Tag list.
Furthermore, Arkham (ARKM), Blur (BLUR), Jito (JTO) and Celestia (TIA) have been removed from the "Seed Tag" list. "Seed Tag" is used to classify cryptocurrencies which are in the early stages of development and may not yet have an established user base or a working product. So, these cryptocurrencies too may exhibit higher risk and volatility as compared to others.