Binance is set to list Toncoin (TON) and will open trading for four spot pairs at 10 a.m. UTC on Thursday. The new trading pairs will be TON/BTC, TON/USDT, TON/FDUSD, and TON/TRY, according to an announcement by the crypto exchange.
Users can deposit TON to Binance in advance of the listing, with withdrawals set to open at 10 a.m. UTC on Friday. Binance also noted that the TON listing fee is 0 BNB.
A seed tag will be assigned to TON, obliging users to complete quizzes every 90 days on the Binance spot platform to retain trading access. These quizzes are designed to ensure that users understand the risks associated with trading such tokens.
“TON is a newly listed token that carries a higher-than-usual risk and is likely to experience significant price volatility. Users must exercise proper risk management and conduct their own research (DYOR) to fully understand the project before choosing to trade the token,” Binance stated in the announcement.
Binance assigns seed tags to “innovative projects” that may carry higher volatility and risks compared to other listed tokens. These tags may be removed over time, depending on factors such as trading volume, liquidity, development activity, network stability, and the projects’ responsiveness to due diligence inquiries.
Users in specific regions, including Canada, Cuba, Crimea, Iran, Japan, the Netherlands, North Korea, Syria, the U.S., and Ukraine, will not be eligible to trade these pairs.
Previously, Binance launched TON/USDT perpetual futures trading in March.
