Binance‘s Announcement Created Excitement in the Crypto Community
binance, the world’s largest crypto exchange, said on Tuesday that it has listed the new W token from Wormhole, a leading interoperability platform that supports multi-chain applications and bridges. The crypto exchange’s announcement created excitement in the crypto community, but the token is listed with the seed tag applied.
Other crypto exchanges such as OKX, MEXC, HTX, KuCoin, gate, bitget, WOO X, AscendEX, bitmart have also announced that they have listed the W token.
Binance Announces Wormhole (W) Token Listing
Crypto exchange Binance stated the following in the official announcement on April 2: Wormhole’s W token list with the seed tag applied. The W token will be available for trading in four spot pairs: W/BTC, W/USDT, W/FDUSD and W/TRY.
Users can now start depositing Wormhole’s W token for now. Additionally, the token will be available for trading starting at 12:00 UTC on April 3, and withdrawals for Wormhole will begin at 12:00 UTC on April 4.
Binance lists Wormhole’s W token on seed tag representative innovative projects HE May indicate higher volatility and risks Compared to other listed crypto tokens.
“W is a relatively new token that carries higher risk than usual and will therefore likely be subject to high price fluctuations. Please ensure you have implemented adequate risk management, done your own research on the fundamentals of W, and fully understand the project before choosing to trade the token.”
Also Read: Experts Reveal the Real Reason Behind the Sudden Bitcoin and Crypto Market Crash
Binance Ethereum (ENA) Listing
Binance also announced that it has listed Ethena (ENA) on a number of products and services. ENA is added to Simple Earn, Binance Conversion, Binance Margin, Binance Futures and Binance Auto-Trading. Users can also exchange ENA against BTC, USDT, and other tokens for zero fees on Binance Convert.
ENA price is 11% lower amid a sell-off in the crypto market. The price is currently trading at $0.615. However, transaction volumes over $800 million show the great demand for cryptocurrency.
Also Read: Crypto Derivatives Exchange Deribit Gets License in Dubai
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Varinder has 10 years of experience in the Fintech industry and has been dedicated to blockchain, crypto and Web3 development for over 5 years. A tech enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in more than 5,000 news stories, articles, and articles. Varinder believes in the great potential of future innovative technologies with parofix Media. He currently covers the latest updates and developments in the crypto industry.
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