Binance announced the listing of Eigen Layer (EIGEN), a decentralized Ethereum staking protocol, on its platform.
Listing Date and Details
The exchange revealed that spot trading for the asset will begin on October 1, 2024, at 05:00 UTC, with EIGEN available in BTC, USDT, FDUSD, and TRY pairs. On the same day, Binance also enabled EIGEN token deposits for trading, with withdrawal becoming available on October 2, 2024, at 05:00 UTC.
Reactions and Steps by Other Exchanges
The announcement sparked optimism within the Eigen community, and other exchanges also began taking steps to list the token. Coinbase confirmed its intention to list the eigen Layer project’s ERC-20 token, and BitMart plans to start trading the EIGEN/USDT pair on October 1, 2024. BitMart users will be able to make withdrawals at 5:00 AM UTC on the listing day.
Previous Listings and Expectations
Eigen Layer is a DeFi protocol that allows Ethereum users to stake their ETH tokens to secure other networks and applications. Previously, tokens on Binance experienced significant price increases. For example, Catizen (CATI) and REI Network (REI) increased by over 20% after listing on the platform. Similarly, ZKsync (ZK) followed upward movements in its prices after being listed on Coinbase. However, not every listing has been successful: recently, Hamster Kombat fell by 20% after its listing.
The listing of Eigen Layer on Binance, Coinbase, and BitMart has sparked interest from the community and traders, given previous successful examples. However, not all listings lead to price increases, highlighting the high risk of the cryptocurrency market.
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