Binance, the leading cryptocurrency exchange, has introduced new regulations aimed at enhancing user safety in volatile trading conditions. Effective from April 3, 2025, the exchange will closely monitor ten specific altcoins known for their high volatility, including Ardor (ARDR), Biswap (BSW), and Flamingo (FLM). To engage in trading these coins, users will be required to pass regular risk assessment tests.
What are the New Monitoring Guidelines?
In a bid to safeguard its users, Binance is implementing stringent monitoring protocols for high-risk altcoins. The selected coins—Ardor, Biswap, Flamingo, LTO Network (LTO), NKN, PlayDapp (PDA), Perpetual Protocol (PERP), Viberate (VIB), Voxies (VOXEL), and Wing Finance (WING)—will be subjected to periodic evaluations to ensure they meet specific safety criteria.
Why Have Some Altcoins Lost Their Seed Tag?
In contrast, Binance has lifted the ‘seed tag’ designation from popular altcoins such as Jupiter (JUP), Starknet (STRK), and Toncoin (TON). This indicates that these coins have successfully met the stringent risk assessment criteria set by the exchange.
Nevertheless, Binance has cautioned that the removal of the seed tag does not equate to a complete absence of risk. The exchange remains committed to ongoing reviews of all listed altcoins, ensuring users are well-informed about potential risks that may arise.
Users can access the latest information regarding these altcoins through the Spot and Margin trading pages, as well as the Market Overview section on the Binance platform.
- Ten high-risk altcoins will be monitored closely.
- Users must pass risk assessments every 90 days to trade these coins.
- Three popular altcoins have been cleared of their seed tags following successful evaluations.
- Regular reviews will continue to ensure user safety and awareness of risks.
The recent adjustments by Binance underscore its commitment to safeguarding traders in an increasingly volatile cryptocurrency market.
