Binance, Bybit, and Coinbase recently made significant announcements regarding the listing of Scroll (SCR), which sparked market discussions.
Scroll (SCR), a zero-knowledge rollup crypto, has once again garnered global attention, this time with the support of renowned cryptocurrency exchange titans. On Tuesday, the exchanges Binance and Bybit disclosed improved trade offerings for the token, which prompted speculation regarding the future price of SCR. It is important to note that when one exchange announced its intention to postpone the listing process, the other proceeded with it, which caused some market participants to raise their suspicions.
ByBit Advances, Binance Postpones Scroll Listing
On October 22, Binance officially announced that the Scroll listing would be postponed until 09:00 UTC on the same day. Nevertheless, the crypto exchange did not disclose the reason for the delay in listing.
As per an announcement earlier this month, the exchange was all set to list the token on October 22 at 08:00 UTC. Nevertheless, the latest announcement indicates a shift in listing strategy, sparking market speculations.
CoinGape Media reported that the new Scroll spot trading pairs available after the listing are SCR/BTC, SCR/USDT, SCR/FDUSD, and SCR/TRY.
Meanwhile, another announcement by the exchange today revealed that SCR is also being added to ‘simple earn, buy crypto, convert, margin, auto-invest, & futures’ platforms.
Simple earn and flexible products for the zk rollup crypto will be listed on the exchange and available for subscription starting today at 09:00 UTC.
Further, starting October 23 at 10:00 UTC, users may purchase the asset using any payment method supported on the platform’s ‘auto-invest.’ Users can make purchases using VISA, MasterCard, Google Pay, and Apple Pay within one hour of the coin’s spot listing.
Also, the exchange will add the coin as a new borrowable asset on the Cross and Isolated Margin. Simultaneously, Binance launched a USD-Margined perpetual contract for the asset today at 10 UTC, notably with up to 75x leverage.
In addition, another leading crypto exchange, Bybit, issued an important announcement on the zero-knowledge rollup crypto today. According to an official announcement dated October 22, the crypto trading platform is listing SCR today at 08:00 UTC. Withdrawals for the same are to commence on October 23 at 10:00 UTC.
Also, it’s worth mentioning that Coinbase, another crypto exchange behemoth, revealed on X today that it will support perpetual futures for SCR beginning October 22 after 12:30 pm UTC. Overall, the announcements by the leading cryptocurrency exchanges have stirred mixed market sentiments on Scroll’s short-term action.
Coin Price Conversely Dips
However, SCR price traded at $1.24, down nearly 10% in the past 24 hours. The coin’s intraday low and high were recorded as $1.20 and $1.40, respectively. Notably, today’s slumping action aligns with the broader market trend and contrasts the optimism birthed with the abovementioned listing announcements.
Besides, the coin’s intraday trading volume surged 2504% to $100.98 million today, hinting that traders reacted positively in light of enhanced offerings. Nonetheless, the remarkable price dip raises severe market concerns despite the listings. Crypto market enthusiasts monitor the token optimistically for further price action shifts ahead.
