Binance recently announced its new listing to offer more diversity and opportunities to its users. Exchange, Wormhole (W) is preparing to list the token. According to the announcement, it will list W coin as trading pairs on its spot trading platform starting April 3.
With this new listing, users will now be able to trade with Wormhole on a variety of spot trading pairs. The new spot trading pairs will include W/BTC, W/USDT, W/FDUSD and W/TRY.
The listing of Wormhole (W) will allow investors to increase diversification on the platform and expand their trading strategies. Additionally, users can access new assets to explore them further and add them to their portfolio. Binance They will be able to make transactions through it.
Withdrawals for W coin will be activated as of April 4. Users can use Binance’s official platform to track the actual status of their withdrawals.
The amount determined as the listing fee will be 0 BNB, meaning it will be free. Additionally, Solana-based smart contract will be used for Wormhole (W).
W coin is known as a general message passing protocol that enables communication between blockchains. This new listing aims to contribute to the growth and development of the cryptocurrency ecosystem.
Wormhole (W) is introduced as a relatively new asset in the cryptocurrency market that carries higher risk than usual. Therefore, the asset will be listed with the “Seed” tag.
To gain trading access to tokens marked with the Seed Tag, users must pass the relevant exams on the Binance Spot and/or Binance Margin platforms and accept the Terms of Use. These exams are held to ensure that users are aware of the risks before trading tokens with Seed Tags. A risk warning banner will also be displayed for Seed Tagged tokens so users can make informed trading decisions.
