Binance has announced the addition of two new tokens to its exchange

The world’s largest cryptocurrency exchange, Binance, has announced the listing of Cow Protocol (COW) and Cetus Protocol (CETUS) tokens on its spot market.

The ability to trade COW and CETUS on Binance is subject to the user's country or region of residence.

New listings on Binance: COW and CETUS

Starting from November 6th, the tokens COW and CETUS will be available for trading against USDT on the Binance spot market. The listing will take place at 12:00 UTC (15:00 Moscow/Kiev), according to the exchange’s press release.

However, holders of these tokens can already deposit their assets into their accounts. Withdrawals are set to open on Thursday.

Binance will not impose any trading fees for COW and CETUS. Nevertheless, the exchange will assign a special “monitoring tag” to these tokens, which is required for assets that exhibit higher volatility compared to other cryptocurrencies.

COW is the native token of the Cow Protocol, a decentralized finance (DeFi) solution built on the Ethereum blockchain. The project combines batch auctions, P2P trading, and other features aimed at finding the best exchange rates for users.

Read also: What’s wrong with Binance listings in 2024 - analysis

Meanwhile, CETUS is a key component of the Cetus liquidity protocol ecosystem. The platform facilitates the exchange, earning, and creation of tokens on the Layer 1 (L1) Sui blockchain.

According to GeckoTerminal, following the listing news on Binance, the prices of COW and CETUS have surged significantly. Specifically, the price of the first token increased by 64% to $0.4073, while the second token rose by 69% to $0.3036.



Chart of COW/USD. Source: GeckoTerminal

It was previously reported that Binance has listed futures for the popular meme coin Goatseus Maximus (GOAT) with leverage of up to x75.