Fellow Binancians,

Binance will list Synapse (SYN) in the Innovation Zone and will open trading for these spot trading pairs at 2023-02-22 10:30 (UTC): 

  • New Spot Trading Pairs: SYN/BTC, SYN/USDT

  • Users can now start depositing SYN in preparation for trading

  • Withdrawals for SYN will open at 2023-02-23 10:30 (UTC)

  • SYN Listing Fee: 0 BNB

Note: The withdrawal open time is an estimated time for users’ reference. Users can view the actual status of withdrawals on the withdrawal page.

In addition, Binance will add SYN as a new borrowable asset with this new margin pair on Isolated Margin, within 48 hours from 2023-02-22 10:30 (UTC):

  • New Isolated Margin Pair: SYN/USDT

Please refer to Margin Data for a list of the most updated marginable assets and further information on specific limits and rates.

What is Synapse (SYN)?

Synapse is a decentralized cross-chain infrastructure project. It provides products such as bridge, cross-chain messaging protocol and stableswap. SYN is the utility and governance token.

Reminder:

The Innovation Zone is a dedicated trading zone where users are able to trade new, innovative tokens that are likely to have higher volatility and pose a higher risk than other tokens.

Before being able to trade in the Innovation Zone, all users are required to visit the web version of the Innovation Zone trading page to carefully read the Binance Terms of Use and complete a questionnaire as part of the Initial Disclaimer. Please note that there will not be any trading restrictions on trading pairs in the Innovation Zone.

SYN is a relatively new token that poses a higher than normal risk, and as such will likely be subject to high price volatility. Please ensure that you exercise sufficient risk management, have done your own research in regards to SYN’s fundamentals, and fully understand the project before opting to trade the token.

Details:

Thanks for your support!

Binance Team

2023-02-22

 

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Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.

Risk Warning: Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. For more information, see our Terms of Use and Risk Warning.