After Binance’s announcement, the largest U.S. crypto exchange, Coinbase, has revealed that it will list the Scroll (SCR) altcoin for futures trading on its global platform, Coinbase International. This move has sparked excitement among crypto investors, especially those looking to trade futures on Scroll.
Scroll Gaining Support from Binance and Coinbase
Scroll’s rise in the crypto world isn’t limited to Coinbase. Binance, one of the largest cryptocurrency exchanges, had already listed Scroll, enhancing its global recognition. Binance’s support has helped Scroll become a widely traded asset, offering various trading opportunities to users and increasing its liquidity. Binance’s decision to list Scroll for futures trading further signals the asset’s potential, strengthening its position in the market.
Community-Driven Growth and Airdrop Success
Scroll’s journey is not just about exchange listings. The altcoin has also captured attention with its community-focused projects. On October 21, Scroll launched its first airdrop as a way of thanking the community that contributed to its success. According to an official post on X, the airdrop is a celebration of the project’s global achievements, involving support from over 90 organizations in 30 countries.
Starting October 22, users could claim the airdrop rewards, with the claim period set to last for 90 days. Airdrops often boost community engagement and renew interest in projects, making them a popular tool for encouraging participation. For Scroll, this airdrop has created significant interest in the future of the project.
Advertisement Banner
What is Scroll (SCR)?
Scroll (SCR) is a Layer-2 solution aimed at solving the scalability issues on the Ethereum network. Its primary goal is to increase Ethereum’s transaction capacity and reduce costs, all while preserving its security and decentralization. Scroll achieves this by utilizing zkEVM (Zero-Knowledge Ethereum Virtual Machine) technology, which allows faster and more efficient Ethereum transactions without compromising on security or compatibility.
The zkEVM technology enables developers to run Ethereum-compatible smart contracts, ensuring seamless operation for decentralized applications (dApps) on the network. Scroll provides lower transaction fees and higher processing capacity, making it a significant contributor to the Ethereum ecosystem’s growth. The project’s ultimate mission is to take Ethereum’s scalability to the next level, reaching billions of global users.
Scroll’s Performance in the Market
Scroll (SCR) isn’t just making waves on Coinbase and Binance. It is also listed on major exchanges like Bybit, KuCoin, Bitget, Gate.io, MEXC, and others. After its launch, Scroll began trading at $1.25 but briefly dropped to $1.21 before recovering. The project’s market capitalization currently stands at $238 million, with a fully diluted valuation (FDV) of $1.25 billion, indicating its growing presence and increasing interest from investors.
- https://twitter.com/Thebitjournal_
- https://www.linkedin.com/company/the-bit-journal/
- https://t.me/thebitjournal
Follow us on Twitter and LinkedIn and join our Telegram channel to be instantly informed about breaking news!
The price predictions and financial analysis presented on this website are for informational purposes only and do not constitute financial, investment, or trading advice. While we strive to provide accurate and up-to-date information, the volatile nature of cryptocurrency markets means that prices can fluctuate significantly and unpredictably.
You should conduct your own research and consult with a qualified financial advisor before making any investment decisions. The Bit Journal does not guarantee the accuracy, completeness, or reliability of any information provided in the price predictions, and we will not be held liable for any losses incurred as a result of relying on this information.
Investing in cryptocurrencies carries risks, including the risk of significant losses. Always invest responsibly and within your means.
