Binance, one of the world’s leading cryptocurrency exchanges, has officially announced the listing of Celestia (TIA) and is introducing enhanced risk management features for tokens designated with a “Seed Tag.” This move aims to ensure a proactive approach to risk mitigation within the cryptocurrency market.
Celestia (TIA) has already been pre-listed on decentralized exchanges and is presently trading at $3.15 on Halix. This project seeks to revolutionize blockchain scalability by separating execution from consensus, introducing a novel model called data availability sampling. The network’s architecture allows for the creation of modular blockchains, ensuring secure scalability as its user base expands.
Key Listing Details
Binance’s listing of Celestia (TIA) includes the following key details:
1. Trading Start: The trading of TIA on Binance will commence on October 31, at 16:00 (UTC).
2. New Spot Trading Pairs: Binance will introduce three new spot trading pairs—TIA/BTC, TIA/USDT, and TIA/TRY.
3. Deposits: Users can begin depositing TIA as early as 14:00 (UTC) on the same day to prepare for trading.
4. Withdrawals: Withdrawals for TIA will be enabled the following day at 16:00 (UTC).
Unique Risk Mitigation Measure – The “Seed Tag”
A distinctive aspect of this listing is the introduction of the “Seed Tag” associated with TIA, signifying it as an innovative yet potentially volatile project. In response to this, Binance has implemented a risk management measure that mandates users to pass a quiz every 90 days on the Binance Spot and Binance Margin platforms in order to gain trading access for tokens with the Seed Tag. This proactive approach ensures that traders remain well-informed about the associated risks.
Furthermore, this listing will feature zero Binance Coin (BNB) fees, and TIA will be introduced as a new borrowable asset in Isolated Margin trading within 48 hours of the listing. Additionally, Celestia will also be listed on Bitget and KuCoin on the same date.
Given the newness of the Celestia project, it is expected that TIA may experience higher-than-average price volatility. Binance strongly advises all potential traders to conduct thorough due diligence and implement robust risk management practices before engaging in trading activities. This initiative underscores Binance’s commitment to promoting responsible trading in the cryptocurrency space.
