Binance has officially announced the listing of Scroll (SCR) token, scheduled to launch on October 22, 2024. The exchange will offer four trading pairs for Scroll, including SCR/BTC, SCR/USDT, SCR/FDUSD, and SCR/TRY. Users can start depositing SCR tokens on October 21 and withdrawing on October 23.
Transaction details and important dates
Binance, one of the world's leading cryptocurrency exchanges, will open spot trading for Scroll (SCR) on October 22, 2024, at 08:00 (UTC). Trading pairs SCR/BTC , SCR/USDT , SCR/FDUSD and SCR/TRY will be available to users.
Additionally, deposits for Scroll will open on October 21, 2024, at 10:00 (UTC), while withdrawals will be enabled starting October 23 at 08:00 (UTC).
There will be no listing fee for SCR and users can access their deposit addresses for Scroll starting October 21. Binance also confirmed that USDT deposits and withdrawals on the Scroll network are now fully operational.
Scroll Token and 'Seed' Label
Scroll is an Ethereum Virtual Machine (EVM)-compatible zkEVM Rollup solution that aims to enhance the scalability and privacy of Ethereum transactions. Binance will list the token under the 'Seed' label, stating that SCR is an innovative asset and comes with high risk due to its volatility. Binance advises users to conduct their own research and adopt risk management strategies when trading Scroll tokens, as newly launched tokens are prone to higher price volatility.
Key information about spot trading and withdrawal times
The exchange emphasizes that the withdrawal times listed are estimates and users should check the withdrawal page for real-time updates. Additionally, spot copy trading and trading bots will be activated within 24 hours of listing. For users who have already participated in spot copy trading, they can add their preferred trading pairs to their portfolio settings.
Binance also clarified that the TRY trading pair represents the Turkish lira and does not include other digital assets. Users should note that all pre-market orders will be automatically canceled when the pre-market session ends on October 21.
High risk, high reward opportunity
Binanceâs decision to list Scroll (SCR) highlights the potential of this zkEVM solution in the cryptocurrency market. However, as Turkish Radio New York reports, users are advised to exercise caution, given the high risk and volatility associated with new tokens like Scroll. Traders should closely monitor the market and implement appropriate risk management strategies to deal with potential volatility.
