Binance, one of the leading cryptocurrency exchanges, announced that Starknet (STRK) tokens have been listed and trading will begin at 16:00 on February 20, 2024.
Binance to List Starknet (STRK) with Seed Tag Applied
The listing will introduce four new spot trading pairs: STRK/BTC, STRK/USDT, STRK/FDUSD and STRK/TRY.
Users who want to participate in trading can start depositing STRK tokens to Binance starting from 15:00 on February 20, 2024. Withdrawals for STRK tokens will open the next day, February 21, 2024, at 16:00.
By waiving the listing fee for STRK tokens, Binance has demonstrated its commitment to facilitating accessibility and liquidity for the newly listed asset.
Starknet, the underlying technology of STRK, is defined as a permissionless, validating rollup and is also considered a zero-knowledge rollup (ZK rollup) designed for the Ethereum network.
This innovative solution aims to address the key challenges faced by decentralized applications (dApps) on the Ethereum blockchain by offering scalability and privacy features.
However, since STRK tokens are relatively new and may exhibit higher volatility compared to more established cryptocurrencies, users are advised to exercise caution when trading.
Binance emphasizes the importance of adequate risk management and thorough research on the fundamentals of STRK before initiating trading activities.
Additionally, Binance has applied Seed Tag to STRK, stating that it is an innovative project with potentially higher volatility and associated risks.
*This is not investment advice.