Following the footsteps of Coinbase, Binance has recently made an exciting announcement. The popular cryptocurrency exchange is set to list the highly anticipated meme coin, BONK, under its seed tag section. This move has sparked massive interest in the trading community, as BONK has been making waves in the market.
Trading Details and Performance
The trading for BONK will commence at 16:00 Beijing time, giving investors and traders the opportunity to hop on board the Solana-based meme coin. In the past 24 hours alone, BONK has witnessed an incredible surge of over 115% in its price. On a larger scale, the coin has experienced an impressive growth rate of over 1100% in just the last 30 days. With a current market capitalization of over $1.7 billion, BONK has quickly risen to become one of the most valuable meme coins, trailing just behind the likes of Dogecoin and Shiba Inu.
New Trading Pairs and Opportunities
In accordance with the official announcement, BONK will be available for spot trading in the following pairs: BONK/USDT, BONK/FDUSD, and BONK/TRY. Excitingly, users can already deposit BONK on Binance in preparation for the upcoming trading activities. Additionally, withdrawals for BONK will be enabled starting from December 16th at 08:00 (UTC). Furthermore, Binance plans to add BONK as a new borrowable asset with a margin pair on Isolated Margin. Users can expect this new margin pair, BONK/USDT, within 48 hours from December 15th at 08:00 (UTC).
Enhancing Risk Awareness with Seed Tag Tokens
Binance has implemented a set of measures to ensure risk awareness among users when it comes to trading Seed Tag tokens. Accessing tokens labeled with a Seed Tag on Binance Spot and/or Binance Margin platforms now requires users to successfully complete relevant quizzes every 90 days. These quizzes have been designed to gauge users’ understanding of associated risks before engaging in trading activities involving Seed Tag tokens. Additionally, users must accept the Terms of Use. To make it easier for users to identify Seed Tags, Binance has integrated features on the Binance Spot and Binance Margin trading pages, as well as the Markets Overview page. A warning banner will also be displayed prominently for all tokens featuring Seed Tags. This comprehensive system aims to inform and educate users about the unique risks associated with these specific tokens, emphasizing the importance of risk awareness.
“Identifying Seed Tags is facilitated on the respective Binance Spot and Binance Margin trading pages, along with the Markets Overview page.”
Prior to Binance’s announcement, Coinbase revealed its plans to list BONK, which led to a significant surge in the price of the meme coin. The addition of BONK to Binance’s trading list further solidifies the coin’s presence in the market, providing more opportunities for traders and investors to participate in its growth.
