👀👀Binance Expands Watch Label for Some Altcoins

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Binance, one of the leading exchanges in the cryptocurrency market, recently announced that it has expanded the Watch Label for some altcoins. With this update, altcoins such as Bluzelle (BLZ), CLV (CLV), SelfKey (KEY), Prosper (PROS) and VITE (VITE) have been marked with the Watch Label. At the same time, the Seed Label of Pendle (PENDLE) and Sei (SEI) altcoins has been removed.

Binance's Watch Label indicates altcoins listed on the platform that carry high volatility and risk. These tagged assets are regularly reviewed and are at risk of being removed from the exchange depending on their performance. The Seed Label is given to altcoins that represent innovative projects, and these projects generally involve higher volatility and risk than other altcoins.

With this change, Binance activated the Watch Tag for altcoins such as Bluzelle, CLV, SelfKey, Prosper and VITE, while removing the Seed Tag for Pendle and Sei altcoins. No changes were made to the exchange's other services.

These changes were made to enable users to make more conscious decisions when investing. Binance updates the tags of altcoins according to criteria such as team loyalty, development activities, trading volume, liquidity and network security.

Thanks to these changes, users can:

Be informed about regularly updated information regarding altcoins with the Watch Tag. Be informed in advance about the risk of altcoins being delisted. Be more careful about projects with high volatility and risk.

This step by Binance is considered an important development in terms of transparency and user security in the cryptocurrency market. The exchange aims to contribute to the creation of a healthy and sustainable market structure.