Binance announced that it will list the Cow Protocol (COW) and the Cetus Protocol (CETUS).
With Bitcoin hitting new highs, the crypto market has picked up activity. Wanting to take advantage of the positive market environment, Binance decided to list two altcoins with low market value. Binance will add CETUS, Sui blockchain’s popular altcoin and decentralized finance project COW to the platform. The altcoins in question will start trading on November 6 at 15:00.
With Binance’s announcement, the value of CETUS increased by 85%, while COW increased by 100%.
Binance released a statement about COW and CETUS.
Binance had the following to say about the listing:
“COW and CETUS are relatively new tokens with higher than normal risk. These tokens will likely be subject to high price volatility. Users should fully understand the project before trading.”
COW and CETUS will be traded on Binance under the token tag. The label in question applies to altcoins that are new entrants to the platform. Kao Protocol is known as a decentralized trading platform. On the other hand, the Cetus protocol stands out as a MOVE-based liquidity protocol.
Binance emphasizes that the risks involved in the respective altcoins are the responsibility of investors. CETUS, which traded at $0.2342 before the listing, touched $0.3984 after the announcement. A similar scenario occurred in COW.
Binance managed to attract reactions with its recent listings. It was asserted that insider information was given during the stock exchange listing and resulted in unfair profits.
According to CoinGecko data, the market value of CETUS reached $100 million, while the market value of COW reached $110 million.
This article does not contain investment advice or recommendations. Every investment and trading venture involves risk, and readers should do their own research when making decisions.
