The world’s largest crypto exchange Binance on Tuesday stated it’s itemizing new W token by Wormhole, a number one interoperability platform powering multichain functions and bridges. The crypto trade’s announcement sparked pleasure in the crypto group, however the token is listed with seed tag utilized.
Other crypto exchanges together with OKX, MEXC, HTX, KuCoin, Gate, Bitget, WOO X, AscendEX, BitMart have additionally introduced itemizing W token.
Binance Announces Wormhole (W) Token Listing
In an official announcement on April 2, crypto trade Binance revealed Wormhole’s W token itemizing with seed tag utilized. The W token might be accessible for buying and selling in 4 spot pairs — W/BTC, W/USDT, W/FDUSD and W/TRY.
Users can now begin depositing Wormhole’s W token for now. Also, the token might be accessible for buying and selling from 12:00 UTC on April 3 and withdrawals for Wormhole will open at 12:00 UTC on April 4.
Binance itemizing Wormhole’s W token in seed tag that represents progressive initiatives that might present increased volatility and dangers as in comparison with different listed crypto tokens.
“W is a relatively new token that poses a higher than normal risk, and as such will likely be subject to high price volatility. Please ensure that you exercise sufficient risk management, have done your own research in regards to W’s fundamentals, and fully understand the project before opting to trade the token,” as per the announcement.
Also Read: Experts Reveal Actual Reason Behind Sudden Bitcoin and Crypto Market Crash
Binance Ethena (ENA) Listing
Binance additionally introduced itemizing Ethena (ENA) to various its services and products. ENA is added to Simple Earn, Binance Convert, Binance Margin, Binance Futures, and Binance Auto-Invest. Users may also commerce ENA towards BTC, USDT and some other tokens at zero charges on Binance Convert.
ENA value debuts 11% decrease amid the crypto market selloff. The value at the moment trades at $0.615. However, buying and selling volumes of over $800 million point out huge demand for the coin.
Also Read: Crypto Derivatives Exchange Deribit Gets License in Dubai
The offered content material might embody the private opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any duty on your private monetary loss.
