Binance to List Cow Protocol (COW) and Cetus Protocol (CETUS) with Seed Tag

In line with Binance, the main cryptocurrency change is about to checklist Cow Protocol (COW) and Cetus Protocol (CETUS) on its platform. Buying and selling for the brand new spot buying and selling pairs, COW/USDT and CETUS/USDT, will begin on November 6, 2024, at 12:00 UTC. Deposits for each tokens will probably be doable two hours previous to the buying and selling begin.

Particulars of the Itemizing

Binance has introduced that withdrawals for each tokens will probably be out there beginning November 7, 2024, at 12:00 UTC. The itemizing charge has been set at 0 BNB. The good contract addresses for COW and CETUS have additionally been supplied for Ethereum and Sui networks, respectively.

The introduction of the Seed Tag to those tokens signifies their potential for prime volatility and threat. This tag is a part of Binance’s initiative to tell customers concerning the revolutionary nature and the related dangers of buying and selling these tokens. Customers desirous about buying and selling these tokens should go a quiz each 90 days, in compliance with Binance’s threat administration protocols.

Concerning the Protocols

Cow Protocol is described as a totally permissionless buying and selling protocol, whereas Cetus Protocol is a MOVE-based liquidity protocol. Each initiatives supply distinctive options inside the blockchain ecosystem, however customers are suggested to conduct thorough analysis and train warning attributable to their newness and potential volatility.

Buying and selling Restrictions and Eligibility

Buying and selling of COW and CETUS is topic to regional restrictions. Residents from nations resembling Canada, Cuba, and the USA, amongst others, are presently prohibited from buying and selling these pairs attributable to regulatory constraints. The checklist of restricted areas is topic to alter primarily based on evolving authorized and regulatory environments.

Binance continues to emphasise the significance of consumer consciousness and threat administration, particularly with tokens marked with the Seed Tag. The change’s instructional measures, together with necessary quizzes, goal to make sure that customers totally perceive the dangers concerned in buying and selling high-volatility property.

This itemizing displays Binance’s ongoing dedication to increasing its platform choices whereas sustaining a deal with consumer security and regulatory compliance.

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