Binance Lists Across Protocol (ACX) and Orca (ORCA) with Seed Tag
Felix Pinkston Dec 06, 2024 09:28
Binance is set to list Across Protocol (ACX) and Orca (ORCA) with a Seed Tag, indicating high volatility and risk. Trading pairs will be available from December 6, 2024.
Binance, a leading cryptocurrency exchange, has announced its plans to list Across Protocol (ACX) and Orca (ORCA) on its platform. Trading for the new spot trading pairs will commence on December 6, 2024, at 13:00 UTC, according to a Binance announcement.
Seed Tag Application
The exchange will apply a Seed Tag to both ACX and ORCA. This tag is used for tokens that may exhibit higher volatility and risks. To trade these tokens, users must pass a corresponding quiz every 90 days on Binance's Spot or Margin platforms. The Seed Tag serves as a cautionary measure to ensure traders are aware of the potential risks involved.
About Across Protocol and Orca
Across Protocol (ACX) is an interoperability protocol powered by intents, designed to facilitate seamless transactions across different blockchain networks. Orca (ORCA), on the other hand, operates as a decentralized exchange (DEX) on the Solana blockchain, providing a platform for trading various cryptocurrencies.
Risk and Volatility Considerations
Binance has emphasized the importance of conducting thorough research before trading ACX and ORCA, as these tokens are relatively new and subject to significant price fluctuations. The exchange encourages users to practice adequate risk management and stay informed about the projects.
Trading Eligibility
While the new trading pairs will be available globally, certain regions, including Canada, the United States, and several others, will not have access due to local regulations. Binance advises users to complete account verification to ensure eligibility for trading these pairs.
Additional Information
Binance has reiterated its commitment to maintaining a secure trading environment and will display risk warning banners for all tokens marked with the Seed Tag. Users can find these tags on the Binance Spot and Margin trading pages, as well as the Markets Overview page.
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