News

Binance Launches LayerZero (ZRO) and Add Seed Tags!

Key Points:

Binance will open ZRO/BTC, ZRO/USDT, ZRO/FDUSD, and ZRO/TRY trading pairs.
ZRO deposits are live now; withdrawals start at 20:00 GMT+8, June 21, 2024.
ZRO will have seed tags indicating higher volatility and risk for initial traders.

Binance launches LayerZero (ZRO) at 20:00 (GMT+8) on June 20, 2024, and opens ZRO/BTC, ZRO/USDT, ZRO/FDUSD, and ZRO/TRY spot trading pairs.

Binance users can access ZRO with the following four spot trading pairs: ZRO/BTC, ZRO/USDT, ZRO/FUSD, and ZRO/TRY.

The listing announcement came right after the opening of ZRO deposit channels, which are now live and allow users to deposit their ZRO tokens in preparation for the trading launch. Binance also set a timeline for ZRO withdrawals, which would be available starting at 20:00 (GMT+8) on June 21, 2024.

Binance Launches LayerZero (ZRO) with Multiple Trading Pairs

The great potential for interoperability across different blockchain networks makes LayerZero (ZRO) very promising to the crypto community. Therefore, listing on Binance would provide it with considerable liquidity and trading volume.

According to the standard procedure for every new listing on Binance, ZRO would be tagged as such. The seed tag is usually placed on a digital asset to warn that it is in its initial phase on the exchange and may have higher volatility and risk. Traders are thus advised to exercise caution and review risks thoroughly prior to commencing trading.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.