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A significant announcement regarding EigenLayer (EIGEN), a decentralized Ethereum restaking protocol, was made on Monday by cryptocurrency exchange Binance. The exchange disclosed that it will publish the cryptocurrency on its platform and start trading in the near future. Furthermore, market sentiment for the ERC-20 cryptocurrency has improved significantly as a result of Coinbase, another well-known cryptocurrency exchange, supporting it.
EigenLayer Listing with Seed Tag Applicable is revealed by Binance
In line with a September 30 formal release from Binance, the cryptocurrency exchange will list EigenLayer (EIGEN) and start spot trading for particular pairs on October 1 at 5:00 UTC. According to the statement, EIGEN/BTC, EIGEN/USDT, EIGEN/FDUSD, and EIGEN/TRY will be the new spot trading pairings that can be traded. It was made clear in the statement that users can begin depositing EIGEN in advance of trading.
Concurrently, Binance disclosed that withdrawals for the same will start at 5:00 UTC on October 2. The exchange's decision to impose a listing charge of 0BNB highlights its efforts to provide a frictionless listing experience. Users were also informed in the announcement that the asset would have a seed tag added, signifying high risk and volatility.
Still, the offering attracted a lot of interest from the larger market right once. Interestingly, Coinbase, a prominent cryptocurrency exchange, has already disclosed that EigenLayer will be listed, adding even more hope to the asset. The ERC-20 coin has received significant investor attention as a result of its listings on the top exchanges combined. Enthusiasts of the cryptocurrency industry wonder if the listings would spur future gains in the coin's value.