Binance, a leading crypto exchange, announced that it will list Cow Protocol (COW) and Cetus Protocol (CETUS) and open trading for their spot trading pairs on November 6, 2024, at 12:00 (UTC). The new trading pairs available will be COW/USDT and CETUS/USDT. Users can deposit COW and CETUS starting two hours prior to the launch of trading, however, withdrawals for these tokens will be available from November 7, 2024, at 12:00 (UTC).
Binance is not charging any listing fee for these additions. Cow Protocol is a fully permissionless trading protocol, while CETUS is a liquidity protocol based on the MOVE programming language. Both are relatively new tokens with a higher risk profile and potential for significant price volatility.
Binance has tagged these tokens with the “Seed” tag, indicating that they may present higher risks and volatility compared to more established tokens. Trading access for such tokens requires users to complete quizzes every 90 days on the Binance Spot or Margin platforms and agree to Binance’s Terms of Use.
These quizzes are intended to ensure that traders are aware of potential risks before participating. Binance emphasized that users should practice comprehensive risk management and conduct their own thorough research (DYOR) before engaging in trading. The exchange will also allow Trading Bots and Spot Copy Trading for COW/USDT and CETUS/USDT within 24 hours after listing.
However, some users, including residents of Canada, Cuba, Crimea, Iran, Netherlands, North Korea, Syria, the United States (including its territories), and certain non-government-controlled regions of Ukraine, will not be able to trade these Spot Copy Trading pairs.
