Binance, cryptocurrency Metis It is preparing to list and trade new spot trading pairs for (METIS). According to the official statement from Binance, it was announced that Metis will begin trading on March 12, 2024 at 12:00 (UTC).
Metis’ newly listed spot trading pairs include METIS/BTC, METIS/USDT, METIS/FDUSD and METIS/TRY. Thus, Binance users will be able to trade Metis with various crypto and fiat currencies. However, before starting these transactions, users will need to deposit Metis.
Binance officials stated that Metis’ listing fee will be 0 BNB. However, there is a point that users should pay attention to. altcoin, will be listed as a token marked with ‘Seed Tag’. This points to Metis’ high price volatility and risk.
Metis is a project that runs on the Ethereum Layer 2 network and uses hopeful rollup architecture as a core scaling solution. However, since Metis is still new and therefore carries risks, users should be careful and ensure the necessary risk management before trading.
Metis’ shooting process will begin on March 12, 2024 at 12:00 (UTC). Binance users can access up-to-date information about Metis on the Binance platform. This new development may increase the potential influence of Metis in the cryptocurrency market and its interest among users.
Binance did not neglect to warn its target audience with the following sentences:
“METIS is a relatively new token and carries higher than normal risk and will therefore be subject to high price fluctuations. Please ensure that you have implemented adequate risk management on the basics of the project, done your own research and fully understand the project.
Seed Tag represents innovative projects that may exhibit higher volatility and risks compared to other listed tokens. To gain trading access to tokens with the Seed Tag, users will be required to pass the relevant tests and accept the Terms of Use every 90 days on the Binance Spot and/or Binance Margin platforms.
The tests were conducted to ensure that users were aware of the risks before trading tokens with the Seed Tag. You can find tokens with the Seed Tag on the respective Binance Spot and Binance Margin trading pages, as well as on the Markets Overview page. A risk warning banner will also be displayed for all Seed Tag tokens.”
