Leading Bitcoin and cryptocurrency exchange Binance announced today that it will list two new altcoins in its announcement. Binance users will now be able to trade #CAKE and #SPARTA cryptocurrencies through the "Binance Innovation Zone".
Binance announced it will list two new altcoins
Leading Bitcoin and cryptocurrency exchange Binance made an important announcement today and announced that it will list 2 new altcoins . The exchange will add these altcoins to the "Innovation Zone", the platform it uses to list low-market value and newly entered cryptocurrencies. Binance made the following statement on the subject through its official website:
BINANCE WILL LIST ITS PANCAKESWAP (CAKE) AND SPARTAN PROTOCOL (SPARTA) IN THE INNOVATION ZONE, AND WE WILL START TRADING FOR CAKE / BNB, CAKE / BUSD AND SPARTA / BNB TRADING PAIRS FROM 29/09/2020 AT 11:00 CET. USERS CAN NOW START TRADING CAKE AND SPARTA IN THE STOCK MARKET IN PREPARATION FOR TRADING. REMINDER: THE INNOVATION ZONE IS A SPECIAL TRADING PLATFORM WHERE USERS CAN BUY AND SELL NEW, INNOVATIVE TOKENS THAT HAVE HIGHER VOLATILITY AND ARE LIKELY TO POSE A HIGHER RISK THAN OTHER TOKENS. BEFORE TRADING ON THE INNOVATION ZONE, ALL USERS ARE REQUIRED TO VISIT THE INNOVATION ZONE TRADE PAGE WEB VERSION TO CAREFULLY READ THE BINANCE TERMS OF USE AND COMPLETE A QUESTIONNAIRE AS PART OF THE INITIAL DISCLAIMER.
Binance: CAKE and SPARTA are relatively new altcoins posing high risk!
In the continuation of Binance statements, it warns investors that the altcoins named CAKE and SPARTA are relatively new cryptocurrencies that pose high risk. With the effect of the listing news, the price of crypto coins started to rise. Binance made the following statement on the subject:
CAKE AND SPARTA ARE RELATIVELY NEW TOKENS THAT POSE A HIGHER RISK THAN NORMAL AND THEREFORE WILL LIKELY BE SUBJECT TO HIGH PRICE VOLATILITY. PLEASE MAKE SURE YOU APPLY ADEQUATE RISK MANAGEMENT, DO YOUR OWN RESEARCH ON THE BASICS OF CAKE AND SPARTA, AND FULLY UNDERSTAND THE PROJECT BEFORE GOING INTO BUSINESS. CAKE LISTING FEE: 0 BNB. SPARTA LISTING FEE: 0 BNB.