KEY TAKEAWAYS
- Binance announces the listing of Across Protocol (ACX) and Orca (ORCA) with trading starting on December 6, 2024.
- ACX and ORCA will carry a seed tag, indicating higher volatility and requiring users to pass quizzes every 90 days.
- Trading eligibility is restricted in certain regions, including the United States and Canada, due to regulatory considerations.
Binance, a leading cryptocurrency exchange, has announced the listing of Across Protocol (ACX) and Orca (ORCA) on its platform. Trading for the new spot trading pairs, ACX/USDT and ORCA/USDT, is set to commence on December 6, 2024, at 13:00 UTC. Users can begin depositing ACX and ORCA in preparation for trading.
Withdrawals for these tokens will open on December 7, 2024, at 13:00 UTC. Binance has stated that the listing fee for these tokens is 0 BNB. The smart contract addresses for ACX and ORCA are available on Ethereum and Solana, respectively.
Understanding the Seed Tag and Trading Risks
Both ACX and ORCA will carry a seed tag, indicating that they are innovative projects with potentially higher volatility and risks. Binance advises users to exercise caution and conduct thorough research before trading these tokens. The seed tag requires users to pass quizzes every 90 days on Binance’s Spot and Margin platforms to ensure awareness of the associated risks.
Across Protocol is an interoperability protocol powered by intents, while Orca operates as a decentralized exchange (DEX) on the Solana blockchain. These projects are relatively new, and their market behavior may be subject to significant fluctuations.
Trading Eligibility and Regional Restrictions
Trading of the new pairs is subject to eligibility based on the user’s country or region of residence. Binance has listed several countries and regions where trading these pairs is restricted, including the United States, Canada, and North Korea, among others. 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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