Binance Expands Altcoin Offerings with New High-Risk Tokens

Today, Binance, the leading global crypto exchange, introduced new altcoin options to its trading platform.

The latest additions include “The AI Prophecy” (ACT) and “Peanut the Squirrel” (PNUT), expanding Binance’s offerings for users interested in emerging tokens.

The platform announced that trading for ACT and PNUT will open on November 11, 2024, at 10:00 AM (UTC) in the spot pairs ACT/USDT and PNUT/USDT.

Users can already begin depositing these tokens to prepare for the official trading launch. Withdrawals will be available a day later, starting November 12, 2024, at 10:00 AM (UTC).

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In its announcement, Binance flagged these tokens with a “seed” label, indicating that they are innovative projects but come with higher volatility and risk.

The exchange emphasized the importance of careful risk management and due diligence for investors, noting that ACT and PNUT, as newer tokens, may experience significant price swings.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.