world leading cryptocurrency one of the stock exchanges Binance, It announced plans to expand its tracking efforts by including additional tokens within the Tracking Label initiative starting April 3, 2024.
Binance to Expand Watchlist with EPX, FOR, UNFI, WAVES and WNXM Tokens
Following recent reviews, Binance identified the need to improve monitoring measures for certain tokens, citing increased volatility and associated risks. As a result, the Tracking Tag has been expanded to include the following tokens:
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Ellipsis (EPX)
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ForTube (FOR)
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Unfi Protocol DAO (UNFI)
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Waves (WAVES)
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Wrapped NXM (WNXM)
Tokens tagged with the Tracking Tag are subject to increased scrutiny due to their high risk profile.
Regular reviews are conducted to evaluate these tokens, and if they no longer meet Binance’s listing criteria, they have the possibility of being delisted.
To access trading of tokens marked with Tracking Tag, users will be required to accept the Terms of Use as well as complete a quiz on Binance Spot and/or Binance Margin platforms every 90 days.
These exams aim to ensure that users are sufficiently informed about the risks involved before starting trading activities.
*This is not investment advice.
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