Binance Updates Its Watch Tag List
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jul 01 2024- Binance Updates Watch Tag List: Binance announced updates to its Watch Tag list effective from July 1, 2024, adding 11 new altcoins and removing 2.
- New Altcoins Added: The new altcoins added to Binance's Watch Tag list include Balancer, Cortex, PowerPool, Convex Finance, Dock, Kava Lend, IRISnet, MovieBloc, Polkastarter, Status, and Sun.
- Purpose of Watch Tag: Altcoins with the Watch Tag are closely monitored due to higher volatility and risks compared to other listed altcoins on Binance.
- Criteria for Watch Tag Reviews: Binance reviews projects based on various criteria such as team commitment, development activity, trading volume, security, transparency, and contribution to the crypto ecosystem.
- User Requirements: To trade altcoins with the Watch Tag, users must take a test every 90 days on Binance Spot and/or Binance Margin platforms, understand the risks, and accept Binance's Terms of Use.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
