Binance, the largest crypto exchange by trading volume, announced plans to list Cow Protocol (COW) and Cetus Protocol (CETUS) tokens. It will open trading for a select list of spot trading pairs.

Of note, accessibility 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, at 12:00 UTC. Before then, however, COW and CETUS holders can already deposit the token in preparation for trading, with withdrawals available starting Thursday.

Binance’s new listings, COW and CETUS, will be at zero fees, meaning users can trade the token on the platform without incurring any trading fees. This is a promotional strategy among exchanges, often used to attract more users.

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Nevertheless, the exchange articulated that it would apply a seed tag. This is a special identifier that helps distinguish COW and CETUS from other tokens. It is a precaution given the relative newness of the new Binance listings in the market, making them subject to higher-than-normal risk and, therefore, volatility.

COW is the native token for Cow Protocol, a decentralized finance (DeFi) solution using batch auctions, P2P trades, and solvers to find the best possible exchange rates for users. Meanwhile, CETUS powers the Cetus Protocol, a MOVE-based liquidity protocol enabling swap, earn, and build on Layer-1 blockchain, Sui.

GeckoTerminal shows COW and CETUS tokens are already soaring. In a typical “buy the rumor” situation, they are up 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 within the cryptocurrency ecosystem.

The move is part of Binance’s continuous efforts to diversify its offerings. It also progressively provides its users with access to novel projects in the blockchain space. Token holders will benefit from increased liquidity.

Traders and investors can expect a surge in trading activity and interest following the listing of Cow Protocol and Cetus Protocol tokens on Binance. Nevertheless, as they gear up to start trading COW and CETUS, it is important to exercise caution. Market participants must conduct thorough research and practice proper 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 fluctuate rapidly. Traders should brace for sudden price swings.

In a bid to boost optimism, crypto exchange giant Binance on Tuesday announced listings for CoW Protocol and Cetus Protocol, garnering attention across the crypto landscape. Notably, as the exchange revealed listing for the mentioned tokens, their prices skyrocketed 82% and 60%, sparking market optimism globally. Meanwhile, traders also reacted positively to the listing announcement, as the tokens’ trading volumes surged 2058% and 812%, respectively.

Binance Lists COW & CETUS Igniting Market Optimism

In an official Binance announcement dated November 6, the crypto exchange giant revealed that it is listing the 2 cryptocurrencies today at 12:00 UTC. As per the announcement, users can start trading the pairs COW/USDT and CETUS/USDT starting today.

Notably, withdrawals for the same tokens are to commence starting November 7 at 12:00 UTC. Further, the listing fee set by the exchange was at 0 BNB, underscoring the leading exchange’s efforts to support the mentioned coins. The smart contract address for CoW Protocol remains 0xDEf1CA1fb7FBcDC777520aa7f396b4E015F497aB (Ethereum). Moreover, the smart contract address for the other token remains 0x6864a6f921804860930db6ddbe2e16acdf8504495ea7481637a1c8b9a8fe54b::cetus::CETUS (Sui).

Also, the top crypto exchange revealed that the seed tag will be applied to the mentioned cryptocurrencies, underscoring high-risk assets. The announcement also revealed that Trading Bots & Spot Copy trading services will be enabled for the mentioned cryptos within 24 hours of their listing on the spot trading platform.

How Are The Coins Performing?

Overall, Binance’s listing announcement propelled a bullish trajectory in the prices of the mentioned coins. At press time, COW price soared nearly 82.5% to reach $0.4364. Its intraday low and high were $0.2489 and $0.2893, respectively. The coin’s 24-hour trading volume soared 2058% to $8.62 million today.

Simultaneously, CETUS price noted a 60% uptick in value to reach $0.3106. Its intraday low and high were $0.174 and $0.241, respectively. The coin’s 24-hour trading volume upsurged 812% to $116.53 million. This pumping movement also aligns with the abovementioned listing announcement. However, market enthusiasts are currently contemplating whether the crypto tokens could sustain an upward trend.

Notably, in a similar chronicle, POPCAT price soared nearly 25% on November 6 after the same crypto exchange expanded support for the token on November 5, reaching $1.58. Moreover, even MEW price soared nearly 12% after the exchange expanded trade offerings for the token recently, reaching $0.009459. These past chronicles sparked substantial optimism over the two coins listed today, with investors bullish on price ahead.

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Coingape Staff

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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.