Binance, one of the world’s leading cryptocurrency exchanges, has announced the listing of three new tokens: AIXBT by Virtuals (AIXBT), ChainGPT (CGPT), and Cookie DAO (COOKIE). The exchange will open trading for these tokens on January 10, 2025, at 13:00 UTC. Binance users can now start depositing these tokens in preparation for trading, with withdrawals opening on January 11, 2025, at 13:00 UTC. This new listing is accompanied by the application of the seed tag to the three tokens, marking them as projects with higher volatility and potential risks.
The new tokens will be available for trading under the following spot pairs: AIXBT/USDC, AIXBT/USDT, CGPT/USDC, CGPT/USDT, COOKIE/USDC, and COOKIE/USDT. As Binance prepares for the trading launch, users can start depositing AIXBT, CGPT, and COOKIE to their accounts. Spot algorithmic orders will also be enabled for these pairs at the time of listing, and trading bots, along with spot copy trading, will be accessible within 24 hours of the tokens being listed.
For those using Spot Copy Trading portfolios, the new trading pairs can be included by adjusting settings in the Personal Pair Preference section. The withdrawal open time mentioned is an estimated reference, and users can check the actual status of withdrawals on the Binance withdrawal page.
An important feature of this listing is the application of the “Seed Tag” to AIXBT, CGPT, and COOKIE. This tag is reserved for innovative projects that carry a higher risk of price volatility. As a result, users will need to pass a risk awareness quiz every 90 days to trade these tokens on the Binance Spot and/or Binance Margin platforms. The quiz aims to ensure that users fully understand the risks involved with trading tokens marked with the Seed Tag. Additionally, a risk warning banner will be displayed on the Binance trading pages for tokens with the Seed Tag.
It is essential for users to exercise caution when trading these tokens, as their relatively new nature increases the likelihood of substantial price fluctuations. Binance encourages all users to conduct their own research (DYOR) and properly manage their risks before engaging in trading activities involving AIXBT, CGPT, and COOKIE.
AIXBT, CGPT, COOKIE: Token Details, Restrictions, and Opportunity
Each of the newly listed tokens serves a unique function within the cryptocurrency ecosystem. AIXBT by Virtuals is a market intelligence platform designed to provide insights and analytics for cryptocurrency traders. ChainGPT (CGPT), on the other hand, is a Web3 AI infrastructure designed to power decentralized applications with artificial intelligence capabilities. Finally, Cookie DAO (COOKIE) focuses on being an index and data layer for AI agents, allowing developers to access decentralized data for various applications.
Given their newness and innovative nature, these tokens are expected to face a high level of volatility. The risk associated with these tokens is not only reflected in their market performance but also in the complexity and ambition of their underlying projects.
As with all Binance trading activities, some geographical restrictions apply. Users residing in certain regions will not be able to trade AIXBT, CGPT, and COOKIE tokens. Currently, residents of countries including the United States, Canada, Cuba, Iran, North Korea, Syria, and parts of Ukraine are restricted from trading these tokens. Binance continues to monitor regulatory changes and may adjust the list of restricted regions periodically based on evolving laws and regulations.
While AIXBT, CGPT, and COOKIE offer intriguing opportunities within the cryptocurrency space, their high-risk nature means they are not suited for every investor. As Binance users begin trading these tokens, the application of the Seed Tag serves as a reminder of the volatility that may lie ahead. As always, users are advised to proceed with caution and ensure they understand the risks involved before investing in these new assets.
Binance’s listing of AIXBT, CGPT, and COOKIE tokens marks a significant step in expanding its offering of innovative digital assets. However, with the application of the Seed Tag, these tokens are clearly positioned as high-risk investments. Binance continues to emphasize the importance of risk management and user education, making sure traders are well-informed and prepared for the volatility that these tokens may bring.
