KEY TAKEAWAYS
- Binance announces the listing of Magic Eden (ME) with trading set to begin on December 10, 2024.
- Magic Eden is marked with a seed tag, indicating higher volatility and risk, requiring users to pass quizzes every 90 days.
- Trading eligibility for ME pairs is restricted in several regions, including the United States and Canada.
Binance, one of the world’s leading cryptocurrency exchanges, has announced the listing of Magic Eden (ME) on its platform. Trading for the new spot trading pairs ME/BTC, ME/USDT, ME/FDUSD, and ME/TRY will commence on December 10, 2024, at 15:00 (UTC). Users can start depositing ME in preparation for trading, with withdrawals set to open on December 11, 2024, at 15:00 (UTC).
The listing fee for ME is 0 BNB, and the smart contract address for ME is MEFNBXixkEbait3xn9bkm8WsJzXtVsaJEn4c8Sam21u. Binance has applied a seed tag to ME, indicating that it is an innovative project that may exhibit higher volatility and risks compared to other listed tokens.
Understanding the Seed Tag and Trading Requirements
Magic Eden is a multi-chain NFT marketplace, and its token, ME, is relatively new, posing a higher-than-normal risk with potential for high price volatility. To trade tokens marked with a seed tag, users must pass corresponding quizzes every 90 days on the Binance Spot and/or Binance Margin platforms. These quizzes are designed to ensure users are aware of the risks before trading.
Users can find seed tags on the Binance Spot and Binance Margin trading pages, as well as on the Markets Overview page. A risk warning banner will also be displayed for all tokens with seed tags. Trading Bots & Spot Copy Trading will be enabled for ME within 24 hours of its listing.
Trading Eligibility and Regional Restrictions
Trading of the new ME pairs is subject to eligibility based on the user’s country or region of residence. Currently, users in Canada, Cuba, Crimea Region, Iran, Netherlands, North Korea, Syria, the United States and its territories, and non-government controlled areas of Ukraine are restricted from trading these pairs. This list may be updated periodically due to changes in legal and regulatory requirements.
For more details, the official announcement can be found here.
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 with seed tag on Dec 10, 2024. Trading pairs include ME/BTC, ME/USDT, ME/FDUSD, and ME/TRY.){kind=link}