Binance announced that it will list Cow Protocol (COW) and Cetus Protocol (CETUS).
With Bitcoin reaching an all-time high, activity has begun in the crypto market. Wanting to benefit from the positive atmosphere in the market, Binance decided to list two altcoins with low market value. Binance will add CETUS, the popular altcoin of the Sui blockchain, and the decentralized finance project COW to the platform. The altcoins in question will start trading on November 6 at 15:00.
With Binance’s announcement, the price of CETUS increased by 85 percent, while COW increased by 100 percent.
Binance made a statement about COW and CETUS
Binance stated the following about the listing;
“COW and CETUS are relatively new tokens that carry higher risk than usual. These tokens will likely be subject to high price volatility. Users must fully understand the project before trading.”
COW and CETUS will be traded on Binance under the seed tag. The label in question is applied to altcoins that have newly entered the platform. Cow Protocol is known as a decentralized trading platform. On the other hand, Cetus Protocol stands out as a MOVE-based liquidity protocol.
Binance emphasized that the risks involved in relevant altcoins are the responsibility of investors. CETUS, which was traded at $ 0.2342 before the listing, touched $ 0.3984 after the announcement. A similar scenario occurred in COW.
Binance managed to attract reactions with its recent listings. It was emphasized that inside information was given during the listings of the stock exchange and as a result, unfair profits were obtained.
According to CoinGecko data, CETUS’s market value approached 100 million dollars, while COW’s market value reached 110 million dollars.
