Binance, the leading cryptocurrency exchange, has announced the listing of LayerZero (ZRO). Trading for the new spot trading pairs will commence on 2024-06-20 at 12:00 (UTC). The new pairs available for trading will include ZRO/BTC, ZRO/USDT, ZRO/FDUSD, and ZRO/TRY. In preparation for the trading launch, users can start depositing ZRO immediately. Withdrawals for ZRO will open the following day on 2024-06-21 at 12:00 (UTC). Notably, the listing fee for ZRO is set at 0 BNB. The ZRO token will be integrated across multiple networks, including Ethereum, BNB Chain, Optimism, Arbitrum, Base, Matic, and Avalanche.
LayerZero (ZRO) will be marked with a seed tag, indicating it as an innovative project with potentially higher volatility and risk compared to other listed tokens. To trade tokens with a seed tag, users will need to pass specific quizzes every 90 days on the Binance Spot and Binance Margin platforms, ensuring they understand the associated risks. These quizzes are part of Binance’s efforts to promote informed trading decisions among its users.
Trading Eligibility and Regional Restrictions
The trading of ZRO pairs will be subject to eligibility based on the user’s country or region of residence. Users residing in Canada, Cuba, the Crimea Region, Iran, the Netherlands, North Korea, Syria, the United States and its territories, and any non-government-controlled areas of Ukraine will not be able to trade the mentioned spot trading pairs. This list of restricted countries is subject to change due to legal, regulatory, or other factors.
For further details, users are encouraged to visit the LayerZero website, review Binance’s trading fees, and familiarize themselves with Binance’s trading rules. It is essential to note that TRY is a fiat currency and does not represent any other digital currencies. Users with ongoing Spot Copy Trading portfolios can include the new ZRO pairs by adjusting their preferences in the Personal Pair Preference section of the Spot Copy Trading settings. The exact timing for the opening of withdrawals is estimated and users should check the actual status on the withdrawal page.
Given its status as a relatively new token, ZRO carries a higher risk profile and is expected to be subject to high price volatility. Users are advised to perform their due diligence and fully understand the project before engaging in trading activities. Seed tags are applied to innovative projects that may exhibit higher volatility and risks, and users must complete quizzes to trade these tokens.
