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>>Binance Drops Monitoring of Several Altcoins – What's the Impact? Find Out More.

Binance Drops Monitoring of Several Altcoins – What's the Impact? Find Out More.

crypthub

2 days ago

Tracking Tag Modifications

Binance has announced updates regarding asset tracking tags on its platform. WAN (Wanchain) will now be included in the tracking tag, while GPS (GPS Ecosystem) and MBL (MovieBloc) will be removed. These changes aim to provide investors with more transparent information about the assets listed. The market values of affected tokens range from $20 million to $620 million.

Seed Tag Removal

Several tokens, including BERA, BIO, ZK, and ZRO, will have their seed tags removed. Binance uses watch tags to alert investors about assets with higher-than-usual risk due to volatility, liquidity or project concerns. The changes reflect that the performance of projects met Binance's security and community standards. These modifications are designed to maintain market quality.

Investor Guidance

Binance recommends that users thoroughly research listed projects before investing. The exchange uses tracking tags to provide investors with crucial information. This provides transparency and awareness regarding the risks associated with certain assets. It’s important for users to perform independent due diligence.