KEY TAKEAWAYS
- Binance will launch spot trading for RedStone (RED) on March 6, 2025, with multiple trading pairs including RED/BTC and RED/USDT.
- RedStone (RED) is a multi-chain oracle expected to have high price volatility, leading Binance to apply a ‘seed tag’ for higher risk awareness.
- Users must pass a quiz every 90 days to trade tokens with a seed tag, ensuring awareness of associated risks.
- Trading of RED pairs is restricted in certain regions, including Canada and the United States, due to regulatory considerations.
Binance has announced the upcoming launch of spot trading for RedStone (RED) on March 6, 2025. The new trading pairs will include RED/BTC, RED/USDT, RED/USDC, RED/FDUSD, and RED/TRY. This development follows the conclusion of the RedStone Pre-Market, which will end at 09:00 (UTC) on the same day.
Users will be able to deposit RED starting at 10:00 (UTC) in preparation for trading, with withdrawals opening on March 7, 2025, at 13:00 (UTC). The transfer function is set to resume before 10:00 (UTC) on March 6. Notably, Binance has waived the listing fee for RED, which is set at 0 BNB.
Understanding RedStone (RED) and Its Trading Risks
RedStone is described as a multi-chain oracle that operates across both EVM and non-EVM chains. As a relatively new token, RED is expected to experience higher price volatility, prompting Binance to apply a ‘seed tag’ to it. This tag indicates that the token may exhibit higher risks compared to other listed tokens.
To trade tokens marked with a seed tag, users must pass a quiz every 90 days on the Binance Spot and/or Binance Margin platforms. This measure ensures that traders are aware of the associated risks. A risk warning banner will also be displayed for all tokens with seed tags.
Trading Eligibility and Regional Restrictions
Trading of the new RED pairs is subject to regional eligibility. Users from certain countries, including Canada, the United States, and several others, will not be able to participate. Binance has stated that this list may change due to legal and regulatory updates.
For more detailed information, users are encouraged to refer to the original announcement here.
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 spot trading pairs on March 6, 2025, with new pairs including RED/BTC and RED/USDT.){kind=link}