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Binance to List Cow Protocol (COW) and Cetus Protocol (CETUS) for Spot Trading 

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Updated by Daria Krasnova
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In Brief

  • Binance lists Cow Protocol (COW) and Cetus Protocol (CETUS) tokens with zero fees, boosting DeFi access and adoption.
  • COW and CETUS begin trading with USDT on November 6, with a "seed" tag warning of potential volatility and risk.
  • Traders are advised to research COW and CETUS thoroughly, as both tokens show price surges but remain high-risk.
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Binance, the largest crypto exchange by trading volume, announced plans to list Cow Protocol (COW) and Cetus Protocol (CETUS) tokens. It will open trading for a select list of spot trading pairs.

Of note, accessibility to these tokens for trading on Binance is subject to eligibility based on the user’s country or region of residence.

Binance New Listings: COW and CETUS

Traders will be able to trade COW and CETUS against USDT starting Wednesday, November 6, at 12:00 UTC. Before then, however, COW and CETUS holders can already deposit the token in preparation for trading, with withdrawals available starting Thursday.

Binance’s new listings, COW and CETUS, will be at zero fees, meaning users can trade the token on the platform without incurring any trading fees. This is a promotional strategy among exchanges, often used to attract more users.

Read more: Binance Review 2024: Is It the Right Crypto Exchange for You?

Nevertheless, the exchange articulated that it would apply a seed tag. This is a special identifier that helps distinguish COW and CETUS from other tokens. It is a precaution given the relative newness of the new Binance listings in the market, making them subject to higher-than-normal risk and, therefore, volatility.

COW is the native token for Cow Protocol, a decentralized finance (DeFi) solution using batch auctions, P2P trades, and solvers to find the best possible exchange rates for users. Meanwhile, CETUS powers the Cetus Protocol, a MOVE-based liquidity protocol enabling swap, earn, and build on Layer-1 blockchain, Sui.

GeckoTerminal shows COW and CETUS tokens are already soaring. In a typical “buy the rumor” situation, they are up between 55% and 80%.

COW/USD Chart. Source: GeckoTerminal

The listing of COW and CETUS tokens on Binance highlights the exchange’s commitment to supporting and promoting blockchain projects. By providing a platform for these tokens to reach a wider audience, Binance is facilitating greater adoption and growth within the cryptocurrency ecosystem.

The move is part of Binance’s continuous efforts to diversify its offerings. It also progressively provides its users with access to novel projects in the blockchain space. Token holders will benefit from increased liquidity.

Traders and investors can expect a surge in trading activity and interest following the listing of Cow Protocol and Cetus Protocol tokens on Binance. Nevertheless, as they gear up to start trading COW and CETUS, it is important to exercise caution. Market participants must conduct thorough research and practice proper risk management strategies.

Read more: How To Trade Crypto on Binance Futures: Everything You Need To Know

The volatile nature of the cryptocurrency market means that prices can fluctuate rapidly. Traders should brace for sudden price swings.

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Lockridge Okoth
Lockridge Okoth is a journalist at BeInCrypto, focusing on prominent industry companies such as Coinbase, Binance, and Tether. He covers a wide range of topics, including regulatory developments in decentralized finance (DeFi), decentralized physical infrastructure networks (DePIN), real-world assets (RWA), GameFi, and cryptocurrencies. Previously, Lockridge conducted market analysis and technical assessments of digital assets, including Bitcoin and altcoins such as Arbitrum, Polkadot, and...
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