Binance announced plans to halt pre-market trading for Scroll and begin spot trading soon, fueling anticipation for SCR price action.
Crypto exchange giant Binance has fueled significant optimism around the zero-knowledge rollup crypto Scroll (SCR) by expanding its trade offerings for the token.
The exchange announced that it will soon end pre-market trading for SCR, with more trade options set to follow.
SCR’s price has surged by over 200% since its pre-market listing began last month.
Binance Announces New Listings for Scroll, Boosting Market Sentiment
In an official announcement on October 18, Binance stated that pre-market trading for Scroll will conclude on October 21 at 09:00 UTC.
Following this, spot trading for select pairs will begin on October 22 at 08:00 UTC.
According to Binance, the new spot trading pairs available will be SCR/BTC, SCR/USDT, SCR/FDUSD, and SCR/TRY.
Users can start depositing SCR in anticipation of trading, and withdrawals will open on October 23 at 08:00 UTC.
Additionally, the transfer function will resume before October 21.
The exchange also highlighted that there will be no listing fee (0 BNB), showing Binance’s support for the zk-rollup crypto project.
Binance further revealed that it will assign the seed tag to SCR, indicating that the asset is highly volatile and carries considerable risk.
“All Pre-Market orders will be automatically removed after trading ceases for the Pre-Market trading pair,” the exchange stated.
These new trading options signal a positive outlook for the token’s future price trajectory.
Potential for Further SCR Price Gains?
Although SCR’s price dipped nearly 5% today, settling at $1.27, market analysts expect additional gains in the near future, largely due to Binance’s expanded offerings. The token’s intraday low and high were recorded at $1.25 and $1.39, respectively.
Notably, SCR has seen over 200% growth since October 11, thanks to its pre-market listing. Binance’s continued support for the token is likely to attract more capital, contributing to a promising outlook for its price.
Additionally, Binance has recently broadened its offerings for other tokens like SUI and TURBO, solidifying its position as a leading crypto exchange.
