Getting into the list of crypto exchanges in the cryptocurrency market is important to reach new customer bases. Being included in the list of the world’s largest stock exchange is a separate matter of prestige. That’s why investors and traders follow this news closely. In a recent development, the giant crypto exchange Binance announced that it will add a token issued in tribute to Bitcoin inventor Satoshi Nakamoto to its list in both the spot and futures markets. Following this development, the token price increased 2.5X in a short time.
Binance added Sats to its list, the altcoin rocketed!
As you follow from Kriptokoin.com, the market witnessed a sharp decline yesterday. Leading crypto Bitcoin dropped to the 40 thousand dollar mark. However, today the market is trying to regain its upward momentum. In the midst of these developments, there are even people who went on a moon trip with the good news they received. One of these was the token called Sats, which was added to the list by the leading crypto exchange Binance. Binance customer support line shared the following information on the subject:
Hello! Binance will list BRC-20 Sats (1000SATS) and open trading for these spot trading pairs on 12.12.2023 at 15:00 UTC. So you can buy it from Binance Spot Trading once trading opens! To gain trading access to tokens marked with Seed Tag, users will be required to pass the relevant exams and accept the Terms of Use on Binance Spot and/or Binance Margin platforms every 90 days. The exams are designed to ensure users are aware of the risks before trading tokens with Seed Tags.
Hey there! Binance will list BRC-20 Sats (1000SATS) and open trading for these spot trading pairs at 2023-12-12 12:00 (UTC). So you can get it from Binance Spot Trading after the trading has opened!
To gain trading access to the tokens marked with Seed Tag, users will need to…
— Binance Customer Support (@BinanceHelpDesk) December 12, 2023
Following the development, the altcoin price went on a moon trip. SATS increased by nearly 150% on a daily basis in a short time. At press time, the token continued to fly high even though it lost a little altitude.
SATS daily price chart. Source: TradingViewListing details
According to the statement, Binance will list BRC-20 Sats (1000SATS) as seed tag. New spot transaction parities will be: 1000SATS/USDT, 1000SATS/FDUSD and 1000SATS/TRY. The exchange stated that it is now possible for users to start depositing 1000SATS to prepare for trading. Meanwhile, Binance will open withdrawal transactions on 13.12.2023 at 15:00 CET.
In addition, the exchange will add 1000SATS as a new borrowable asset with this new margin parity on Isolated Margin within 48 hours after the spot listing. The new Isolated Margin parity will be 1000SATS/USDT. The stock exchange also made the following warnings:
- 1000SATS is 1000 times SATS. For example, if a user deposits 1100 SATS to Binance, Binance will automatically display it as 1.1 1000SATS.
- Seed Tag will be applied to 1000SATS.
- TRY is a fiat currency and does not represent any other digital currency.
- The withdrawal open time is an estimated time for users’ reference. Users can view the actual status of their withdrawal on the withdrawal page.
- In the event of any inconsistency between translated versions and the original English version, the English version shall prevail.
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