Binance has revealed plans to end pre-market trading for Scroll and begin spot trading soon, sparking optimism about SCR price action.
Published by
Coingape Team
Updated October 18, 2024 | 08:34:45 UTC
Binance Expands Trading Offerings for Scroll, SCR Price Gains Ahead?
Highlights
Binance has revealed new spot trading pairs for Scroll (SCR).
The exchange has notified users that pre-market trading of the token is about to end.
The price of SCR is down today, although its gains since the start of pre-market trading have totaled over 200%.
Cryptocurrency exchange giant Binance generated substantial optimism around zero-knowledge rollup Scroll (SCR) on Friday by increasing trading offerings for the token. The exchange revealed that it is ending the pre-market listing for the asset, although additional trading offerings are expected to begin soon. Meanwhile, the price of SCR has surged more than 200% to date after its pre-market listing began the previous month.
Binance Unveils New Listings for Scroll, Sparking Optimism
In an official announcement dated October 18th, it was revealed that the exchange is ending 'pre-market' trading for Scroll on October 21st at 09:00 UTC. Thereafter, the exchange will open spot trading for certain pairs starting October 22 at 08:00 UTC.
As per Binance’s announcement, the new spot trading pairs that will be available for trading are SCR/BTC, SCR/USDT, SCR/FDUSD, and SCR/TRY. Users can start depositing SCR in preparation for trading. Withdrawals for the same are scheduled to begin on October 23 at 08:00 UTC. Furthermore, the transfer function will resume before October 21, the announcement added. Meanwhile, the listing fee has been set at 0 BNB, underscoring the cryptocurrency exchange’s efforts to support the zk rollup cryptocurrency project.
Additionally, the exchange also revealed that it will apply the seed tag alongside SCR. This indicates that the asset offers high risk and volatility. “All pre-market orders will be automatically removed after the trading for the pre-market trading pair ends,” the exchange notified. Overall, the enhanced trading offerings for users pave a bullish path for the coin’s future price action.
Should SCR price rise?
Although the SCR price traded down nearly 5% today to $1.27, market observers anticipate more price gains ahead. This bullish projection is mainly attributable to Binance’s enhanced offerings. Furthermore, the token’s intraday low and high were recorded as $1.25 and $1.39, respectively.
Furthermore, it is worth mentioning that the SCR price has extended gains to over 200% since October 11, in light of its pre-market listing. Further enhanced offerings by the exchange pave the way for additional money to flow into the coin, painting a bullish picture of the price ahead.
Additionally, it is worth mentioning that the exchange has recently expanded its SUI and TURBO offerings, further cementing its position as one of the leading cryptocurrency exchanges.
