Binance Adds New Tokens COW and CETUS
Date: 2024-11-07 Author: Gabriel Deangelo Categories: BUSINESS
New Assets on Binance: COW and CETUS
Starting November 6 at 15:00 Moscow time (12:00 UTC), COW and CETUS tokens will be available for trading against USDT on Binance. The exchange’s press release states that deposits for these assets are already open, and withdrawals will be possible from Thursday.
Binance has also decided not to charge a commission for transactions with these tokens, but has marked them with a special “monitoring tag” due to the high volatility of these assets, which requires special attention to possible price fluctuations.
The COW token is a key element of the Cow Protocol, which operates on Ethereum and offers users a decentralized finance (DeFi) solution. The protocol uses batch auctions and peer-to-peer (P2P) trading to find the most favorable exchange rates.
CETUS, in turn, is an important part of the Cetus protocol ecosystem. It runs on the Sui L1 blockchain, providing users with the ability to exchange, create, and profitably deposit tokens.
After the announcement of the listing on Binance, the quotes of both tokens increased significantly. According to GeckoTerminal, the price of COW increased by 64%, reaching $ 0.4073, and the cost of CETUS rose by 69%, amounting to $ 0.3036.
Earlier, it was also reported that Binance added the ability to trade futures on the Goatseus Maximus (GOAT) memcoin with leverage up to x75.
