Leading cryptocurrency exchange, Binance, has made an exciting announcement regarding the listing of LayerZero (ZRO). Beginning on June 20, 2024, at 12:00 (UTC), users will be able to trade new spot trading pairs, including ZRO/BTC, ZRO/USDT, ZRO/FDUSD, and ZRO/TRY. To prepare for the trading launch, users can already start depositing ZRO. Withdrawals for ZRO will be available starting on June 21, 2024, at 12:00 (UTC). Notably, the listing fee for ZRO is set at 0 BNB. The ZRO token will be integrated across various networks, including Ethereum, BNB Chain, Optimism, Arbitrum, Base, Matic, and Avalanche.
LayerZero (ZRO) will be marked with a seed tag, denoting it as an innovative project with potentially higher volatility and risk compared to other listed tokens. To trade tokens with a seed tag, users will need to pass specific quizzes every 90 days on the Binance Spot and Binance Margin platforms, ensuring they have a comprehensive understanding of the associated risks. These quizzes are part of Binance’s efforts to encourage informed trading decisions 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. This list of restricted countries may 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 add 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 availability of withdrawals is estimated, and users should check the withdrawal page for the current status.
As ZRO is a relatively new token, it carries a higher risk profile and is expected to be subject to significant price volatility. Users are advised to conduct thorough research and fully understand the project before engaging in trading activities. Seed tags are applied to innovative projects that may exhibit higher volatility and risks, and users must complete quizzes to trade these tokens.
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