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Trade COW and CETUS with No Fees
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.
Read more: Binance Review 2024: Is It the Right Crypto Exchange for You?
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.
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Binance exchange announced on Wednesday that it will delist certain crypto assets in BTC margin trading pairs. The changes affect Qtum and Venus margin trading, as well as, Contentos and Frax spot trading. Despite the delisting news, QTUM has risen 8% today and XVS is up 7.5% due to post-election market momentum fueled by Donald Trump’s victory.
Binance Delisting Notice for QTUM, XVS, COS, FXS Traders
According to Binance’s official release, the exchange plans to delist QTUM and XVS from BTC margin trading pairs. This move is part of Binance’s strategy to streamline offerings and enhance platform efficiency. Starting November 7 at 06:00 UTC, isolated margin borrowing for QTUM/BTC and XVS/BTC will be suspended, with full delisting on November 14 at 06:00 UTC.
Positions in both cross and isolated margin pairs will close automatically, with all open orders canceled. To prevent losses, Binance advises users to close their positions early and transfer assets from Margin Wallets to Spot Wallets. This guidance aims to help users navigate the transition smoothly.
While QTUM and XVS are leaving BTC margin trading, both assets will remain available on other non-margin pairs. This keeps options open for users who want to continue trading these assets on Binance. The changes reflect Binance’s ongoing adjustments to meet shifting market demands.
In addition, Binance will delist spot trading pairs COS/BTC and FXS/BTC on November 8 at 03:00 UTC. This decision follows Binance’s routine evaluations to maintain a high-quality trading environment. Factors like low liquidity and trading volume often influence these choices.
Price Movements and Volume Trends Amid Delisting
The recent U.S. election result, with Donald Trump’s victory, has fueled a surge in these coins, reflecting renewed market optimism.
QTUM price is trading at $2.32, witnessing an intraday low of $2.13 and high of $2.32. While QTUM has gained traction in the short term, it’s still down over 3% the past week and 5% over last month. Moreover, the trading volume in the last 24 hours is $31 million and a market cap around $244.5 million.
XVS is also riding the wave, trading at $6.70, with a low of $6.19 and high of $6.70 over the last 24 hours. Its trading volume reached $2.82 million, indicating strong recent interest. Meanwhile, COS trades at $0.0066, and FXS is priced at $1.818, each seeing notable growth today.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
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.
Ripple CEO Brad Garlinghouse joins the crypto community to celebrate crypto candidates’ victory and Donald Trump’s win in the 2024 presidential election. This has set the stage for crypto regulatory clarity, stablecoin regulation, Operation Choke Point 2.0 end, and the conclusion of US SEC attacks against crypto including the Ripple vs SEC lawsuit.
Ripple CEO Brad Garlinghouse Celebrates ‘Crypto Voter’ Win
Brad Garlinghouse, CEO of Ripple Labs, took to X on US election day November 5 to celebrate the victory of crypto. The underestimated crypto voter block emerged victorious in the US elections as crypto-supporting candidates in both Republican and Democratic parties mostly won.
“To everyone who doubted it: the crypto voter is here to stay, loud and clear!” said Ripple CEO. He congratulated crypto candidates Bernie Moreno, Ritchie Torres, Kirsten Gillibrand and Andy Barr on the win.
Crypto community including Coinbase CEO Brian Armstrong noted that Bernie Moreno’s win kicked out crypto enemy number 2 in the Senate, Sherrod Brown, in Ohio.
@berniemoreno understands that crypto is an important part of America’s future. Bernie and the crypto owners who helped him secure this win understand how everyone can benefit from crypto and are willing to fight for it. Welcome to America’s most pro-crypto Congress ever…
— Brian Armstrong (@brian_armstrong) November 6, 2024
The emergence of crypto as a significant political issue influenced voting behavior in this US election. Ripple CEO noted that the victory of Bernie Moreno, Tim Sheehy, Ritchie Torres, Kirsten Gillibrand, and other pro-crypto candidates signaled a shift in political priorities.
However, the defeat of pro-XRP candidate John Deaton against Senator Elizabeth Warren was the only sad news for the crypto community.
How Will US Election Result Impact Ripple Vs SEC Lawsuit?
The re-election of Donald Trump and pro-crypto candidates will help fuel crypto and Bitcoin adoption. During the election campaigns, Donald Trump promised to fire SEC Chair Gary Gensler. The securities regulator without Gensler may soon end the Ripple vs SEC lawsuit and bring crypto regulatory clarity.
Coinbase CLO Paul Grewal hinted that the crypto win will help end legal attacks against crypto. He said, “I’m going to guess that at least a couple of Supreme Court Justices now feel free to make retirement plans.”
The bipartisan appeal of crypto policies as the crypto voter isn’t confined to one political party now. Republican Party is near to taking the majority in the US Congress, as per New York Times data.
Recently, Ripple CEO Brad Garlinghouse shared good news that institutional interest in XRP products continues to rise while the US SEC loses credibility and reputation. This indicates that the XRP ETF launch is imminent.
In the latest development in the XRP lawsuit, the 2nd Circuit Court of Appeals granted the US SEC an order to file its opening brief by January 15, 2025.
Meanwhile, XRP price climbed 3% in the last 24 hours, with the price now trading at $0.528. The 24-hour low and high are $0.506 and $0.541, respectively. Top crypto experts predicted XRP price to hit $1.10, before a massive breakout to over $6 and beyond.
Varinder Singh
Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.
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.
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.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
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.
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