Binance, the leading cryptocurrency exchange, has made an exciting announcement regarding the listing of LayerZero (ZRO). The trading of the new spot trading pairs will commence on June 20, 2024, at 12:00 (UTC). Traders can look forward to trading pairs such as ZRO/BTC, ZRO/USDT, ZRO/FDUSD, and ZRO/TRY. To prepare for the trading launch, users can start depositing ZRO immediately. Withdrawals for ZRO will be available the next day on June 21, 2024, at 12:00 (UTC). Interestingly, Binance has set the listing fee for ZRO at 0 BNB. The ZRO token will be integrated into various networks, including Ethereum, BNB Chain, Optimism, Arbitrum, Base, Matic, and Avalanche.
LayerZero (ZRO) will be marked with a seed tag, indicating it as an innovative project with potentially higher volatility and risk compared to other listed tokens. Traders who wish to trade tokens with a seed tag will need to pass specific quizzes every 90 days on the Binance Spot and Binance Margin platforms. These quizzes are designed to ensure that traders fully understand the associated risks and make informed trading decisions. Binance aims to promote responsible trading among its users.
Trading eligibility for ZRO pairs will depend on the user’s country or region of residence. Residents of Canada, Cuba, the Crimea Region, Iran, the Netherlands, North Korea, Syria, the United States and its territories, and any non-government-controlled areas of Ukraine will not be able to trade the mentioned spot trading pairs. However, this list of restricted countries is subject to change due to legal, regulatory, or other factors.
For more information, users are encouraged to visit the LayerZero website, review Binance’s trading fees, and familiarize themselves with Binance’s trading rules. It is important to note that TRY is a fiat currency and does not represent any other digital currencies. Users with ongoing Spot Copy Trading portfolios can include the new ZRO pairs by adjusting their preferences in the Personal Pair Preference section of the Spot Copy Trading settings. The exact timing for the opening of withdrawals is estimated, and users should check the withdrawal page for the actual status.
As ZRO is a relatively new token, it carries a higher risk profile and is expected to have high price volatility. Users are advised to conduct their own research and fully understand the project before engaging in any trading activities. Seed tags are applied to innovative projects that may exhibit higher volatility and risks, and completion of quizzes is mandatory for trading these tokens.
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