On Monday, Binance announced it will be listing EigenLayer (EIGEN), a decentralized Ethereum restaking protocol, shortly after Coinbase revealed its own support for the ERC-20 token. This news has sparked a wave of optimism in the crypto market, with investors showing heightened interest in the future of EIGEN.
Binance Announces EigenLayer Listing with Seed Tag Applied
In an official announcement dated September 30, Binance confirmed that EigenLayer (EIGEN) will be available for spot trading starting October 1 at 05:00 UTC. The supported trading pairs include EIGEN/BTC, EIGEN/USDT, EIGEN/FDUSD, and EIGEN/TRY. Binance also informed users that they can now deposit EIGEN in preparation for trading, with withdrawals becoming available on October 2 at 05:00 UTC.
Interestingly, Binance has set a listing fee of 0 BNB, ensuring a smooth listing process. The platform also noted that the asset would carry a seed tag, signaling its potential volatility and risk.
This listing has already attracted significant attention from investors and traders alike. Adding to the excitement, Coinbase had earlier announced its own support for EIGEN, further fueling market optimism. With two leading exchanges backing the token, many are speculating that these listings could lead to positive price momentum for EIGEN.
Previous Listings Inspire Optimism for EIGEN’s Future
Looking at past listings on Binance, there’s reason to be hopeful. CoinGape Media previously reported impressive price surges for other ERC-20 tokens, like ($CATI ) and REI Network ($REI ), following their listings on the exchange. Similarly, ZKsync ($ZK ) saw a price boost after being listed on Coinbase. These instances have sparked optimism for EIGEN’s potential, though it’s important to remember that past performance doesn’t guarantee future results in the ever-changing crypto market.
Crypto enthusiasts are keeping a close watch on EIGEN’s market performance, with many hoping that its dual listings on Binance and Coinbase could drive positive momentum in the days ahead.
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