Binance, the largest crypto exchange by trading volume, has announced plans to list COW protocol (COW) and Cetus protocol (Cetus) tokens. Open a trade in the Spot Trading Pair picklist.
Notably, access to these tokens to trade in Binance is subject to eligibility based on the user’s country or region of residence.
Binance New List: Cows and Cetus
Traders can trade cows and Cetus for USDT on Wednesday, November 6th at 12:00 UTC. Before that, however, cows and Cetus owners were already able to deposit their tokens in preparation for the transaction, and withdrawals were available from Thursday.
Binance’s new listings, Cow and Cetus, will cost zero. This means that users can trade tokens on the platform without paying the transaction fee. This is a promotional strategy during exchanges that are often used to attract more users.
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Nonetheless, Exchange has made it clear that it applies seed tags. This is a special identifier that helps to distinguish cows and cetus from other tokens. Given the relative novelty of new Binance lists in the market, it is a precautionary measure and targets them for higher risk than usual and therefore volatility.
COW is a native token for COW Protocol, a distributed financial (DEFI) solution using batch auctions, P2P trading and solvers. Meanwhile, Cetus enhances the Cetus protocol, a movement-based liquidity protocol that allows for swap, acquisition and construction on SUI’s Layer 1 blockchain.
Geckoterminal shows that cows and Cetus tokens are already rising. In the typical “buying rumors” situation, they are rising between 55% and 80%.
Binance’s list of cows and Cetus tokens highlights the exchange’s commitment to supporting and promoting blockchain projects. By providing a platform for these tokens to reach a larger audience, Binance will drive adoption and growth within the cryptocurrency ecosystem.
This move is part of Binance’s continued efforts to diversify its offerings. It also gradually provides users with access to new projects in the Blockchain Space. Token holders benefit from increased liquidity.
Traders and investors can expect a surge in trading activities and interest following the list of Binance’s Cattle Protocol and Cetus Protocol Tokens. Nevertheless, it is important to be careful as they prepare to start trading cattle and cetus. Market participants should conduct thorough research and implement appropriate risk management strategies.
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The volatile nature of the cryptocurrency market means prices can fluctuate rapidly. Traders need to prevent sudden price fluctuations.
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