Trade COW and CETUS for free
Binance, the largest crypto exchange by trading volume, has announced plans to list Cow Protocol (COW) and Cetus Protocol (CETUS) tokens. Opens a trade for selected spot trading pairs.
Note, access to these tokens for trading on Binance is subject to eligibility based on the user's country or region of residence.
Binance New Listings: COW and CETUS
Traders will be able to trade COW and CETUS against USDT starting Wednesday, November 6, 12:00 UTC. But before then, COW and CETUS holders can pre-enter the token to prepare for trading, with withdrawals starting Thursday.
Binance's new listings, COW and CETUS, will be zero-fee, meaning users can trade the token on the platform without making any transactions. This is a promotional strategy among exchanges, often used to attract users.
Read More: Binance Review 2024: Is It The Right Crypto Exchange For You?
However, the exchange stated that seed identification will be implemented. This is a unique identifier that helps distinguish COW and CETUS from other tokens. The new Binance listings are cautious given their newness in the market and expose them to more than normal risk and, therefore, volatility.
COW is a native token of the Cow Protocol, a decentralized finance (DeFi) solution that uses batch auctions, P2P trades and solvers to find the best exchange rates for users. Meanwhile, CETUS leverages the Cetus Protocol, a MOVE-based liquidity protocol for exchanging, acquiring and building on the Layer-1 blockchain, Sui.
GeckoTerminal shows that COW and CETUS tokens are already growing. In a typical “buy the rumor” situation they are between 55% and 80%.
The listing of COW and CETUS tokens on Binance highlights the exchange's commitment to supporting and promoting blockchain projects. By providing a platform for these tokens to reach a wider audience, Binance is facilitating greater adoption and growth in the cryptocurrency ecosystem.
The move is part of Binance's ongoing effort to diversify its offerings. It also provides its users with new projects in the blockchain space on an ongoing basis. Token holders will benefit from the increased liquidity.
Traders and investors can expect an increase in trading activity and demand after the Cow Protocol and Ketus Protocol tokens are listed on Binance. However, when preparing to start a Lam Cetus business, caution is important. Market participants should conduct thorough research and practice appropriate risk management strategies.
Read more: How to trade Crypto on Binance Futures: Everything you need to know
The volatile nature of the cryptocurrency market means that prices can change quickly. Traders must be prepared for sudden price fluctuations.
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