Binance, a global cryptocurrency exchange, has listed Across Protocol (ACX) and Orca (ORCA). Trading for the new spot pairs ACX/USDT and ORCA/USDT is set to begin on December 6, 2024, at 13:00 UTC. Users are encouraged to deposit ACX and ORCA in advance to prepare for the trading launch. Withdrawals for both tokens will open on December 7, 2024, at 13:00 UTC. Notably, Binance has waived the listing fee for both tokens, further incentivizing user participation.
To enhance user experience, Binance will enable Trading Bots and Spot Copy Trading for ACX and ORCA within 24 hours of their listing. Users with active Spot Copy Trading portfolios can manually include these pairs by adjusting their preferences in the platform’s Personal Pair Preference section.
Across Protocol is an interoperability protocol that operates using intent-driven mechanisms. This innovative design supports seamless cross-chain asset transfers and decentralized interactions. Orca is a decentralized exchange (DEX) built on the Solana blockchain. Renowned for its efficiency and user-friendly design, Orca facilitates swift and cost-effective trading on the Solana network.
Seed Tag Risks and Eligibility Warning
ACX and ORCA will be listed with the Seed Tag, signifying their status as innovative yet high-risk tokens. The Seed Tag label highlights the potential for elevated price volatility and other associated risks. To trade tokens marked with this tag, users must complete a specialized quiz every 90 days, acknowledging the risks involved and agreeing to Binance’s terms of use.
The Seed Tag initiative reflects Binance’s commitment to ensuring users are well-informed about the risks of trading experimental tokens. A risk warning banner will be prominently displayed for these tokens on Binance’s Spot and Margin platforms, as well as on the Markets Overview page.
Trading ACX and ORCA is subject to the user’s country or region of residence, and Binance has outlined specific restrictions for users in certain jurisdictions. At present, residents of Canada, the United States, and other listed regions cannot access these trading pairs. The eligibility criteria aim to comply with local regulations and ensure a secure trading environment.
Binance advises users to practice sufficient risk management when trading ACX and ORCA due to their nascent nature and potential for significant price fluctuations. Both tokens are classified as relatively new assets, requiring thorough due diligence by traders before engaging in any transactions.
Listing Across Protocol (ACX) and Orca (ORCA) on Binance introduces exciting trading opportunities for users, emphasizing innovation and accessibility. However, applying the Seed Tag underscores the importance of caution and adopting risk management strategies. With advanced features like Trading Bots and Spot Copy Trading enabled for these tokens, Binance continues to expand its offerings while prioritizing user safety and education.
