Global cryptocurrency exchange Binance has announced the end of pre-market trading for the Scroll (SCR) token. The exchange has also revealed plans to list the altcoin for spot trading, making it more accessible to investors and boosting its trading volume.
Pre-Market Trading Ends on October 21
On October 21, 2024, Binance will officially end pre-market trading for the Scroll (SCR) token. Pre-market trading refers to a limited trading window for certain altcoins before they are fully listed for public trading. Binance has stated that any open orders will be automatically canceled, and new trading pairs will be introduced for spot trading.
Spot Trading to Begin on October 22
Binance announced that spot trading for Scroll (SCR) will begin on October 22, 2024, at 11:00 AM. The trading pairs for SCR will include BTC, USDT, FDUSD, and TRY. This spot listing will allow a wider range of investors to trade Scroll (SCR) and expand its reach in the market.
New Trading Pairs and Deposit Opportunities
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Along with the listing, Binance will introduce four new trading pairs: SCR/BTC, SCR/USDT, SCR/FDUSD, and SCR/TRY. These pairs will provide users with a variety of options to trade Scroll using different assets. The inclusion of the TRY trading pair will enable direct trades with the Turkish lira.
Deposits for Scroll (SCR) will open on October 21, 2024, at 1:00 PM, allowing users to prepare for trading. Withdrawals will be available starting on October 23, 2024, at 11:00 AM, providing full flexibility for users to manage their tokens.
Binance’s Details on Scroll (SCR) Listing
Binance has confirmed that there will be no listing fee for Scroll (SCR), with the fee set at 0 BNB. Additionally, the Scroll network will support USDT deposits and withdrawals. The exchange also announced that trading bots and Spot Copy Trading services will become available within 24 hours after the spot listing goes live. This will offer more flexibility for traders looking to automate their strategies.
Binance will apply a seed tag to Scroll (SCR), indicating that it is a relatively new token and may carry additional risks. As a result, investors should exercise caution and carefully assess market conditions.
A New Opportunity for Investors
By introducing Scroll (SCR) to spot trading, Binance is providing a new opportunity for investors to engage with this altcoin project. As noted by The Bit Journal, the transition from pre-market trading to spot trading and the introduction of new pairs will make the Scroll token more accessible, increasing its visibility in the market.
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