By Blockchain News | Created at 2024-11-06 06:03:06 | Updated at 2024-11-06 09:32:45
4 hours ago
James Ding Nov 06, 2024 05:32
Binance will list Cow Protocol (COW) and Cetus Protocol (CETUS) on November 6, 2024, applying a Seed Tag for high volatility and risk awareness.
According to Binance, the leading cryptocurrency exchange is set to list Cow Protocol (COW) and Cetus Protocol (CETUS) on its platform. Trading for the new spot trading pairs, COW/USDT and CETUS/USDT, will commence on November 6, 2024, at 12:00 UTC. Deposits for both tokens will be possible two hours prior to the trading start.
Details of the Listing
Binance has announced that withdrawals for both tokens will be available starting November 7, 2024, at 12:00 UTC. The listing fee has been set at 0 BNB. The smart contract addresses for COW and CETUS have also been provided for Ethereum and Sui networks, respectively.
The introduction of the Seed Tag to these tokens signifies their potential for high volatility and risk. This tag is part of Binance’s initiative to inform users about the innovative nature and the associated risks of trading these tokens. Users interested in trading these tokens must pass a quiz every 90 days, in compliance with Binance’s risk management protocols.
About the Protocols
Cow Protocol is described as a fully permissionless trading protocol, while Cetus Protocol is a MOVE-based liquidity protocol. Both projects offer unique features within the blockchain ecosystem, but users are advised to conduct thorough research and exercise caution due to their newness and potential volatility.
Trading Restrictions and Eligibility
Trading of COW and CETUS is subject to regional restrictions. Residents from countries such as Canada, Cuba, and the United States, among others, are currently prohibited from trading these pairs due to regulatory constraints. The list of restricted regions is subject to change based on evolving legal and regulatory environments.
Binance continues to emphasize the importance of user awareness and risk management, especially with tokens marked with the Seed Tag. The exchange’s educational measures, including mandatory quizzes, aim to ensure that users fully understand the risks involved in trading high-volatility assets.
This listing reflects Binance’s ongoing commitment to expanding its platform offerings while maintaining a focus on user safety and regulatory compliance.
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