The world’s largest cryptocurrency exchange by trading volume, Binance, is gearing up to add a new altcoin to its list of offerings. The crypto exchange recently announced that it will list Metis (METIS), an Ethereum Layer 2 scaling solution.
Metis (METIS) Listing Today
According to the announcement from the crypto exchange, the METIS listing will take place today at 15:00 TRT, and trading for the altcoin will start across multiple spot trading pairs. Specifically, the spot trading pairs METIS/BTC, METIS/USDT, METIS/FDUSD, and METIS/TRY will be available for trading.
Binance has started accepting deposits of altcoin METIS to prepare users for trading, and added that withdrawal operations will begin on March 12 at 15:00 TRT.
Binance mentioned that the Seed Label will be used for METIS. The use of the Seed Label for an altcoin indicates that it is a newly listed asset on the exchange. This label helps distinguish recently listed altcoins while also signaling a high volatility risk.
As with every new listing, users should be cautious before trading and conduct their own research. While Binance takes measures to ensure a safe and smooth trading experience, investors must be aware of the inherent risks associated with cryptocurrency trading and make informed decisions.
What is Metis (METIS)?
Metis is described as an unsupervised Ethereum Layer 2 (L2) scaling solution that uses optimism rollups as its primary scaling mechanism. Aiming to enhance the scalability and efficiency of the Ethereum network, Metis facilitates faster and more cost-effective transactions while maintaining decentralization and security.
Furthermore, following Binance’s listing announcement, METIS saw a significant rise. The altcoin, which was trading at $113 before the listing, surged over 25% to reach $140 following the news. According to the latest data, METIS is trading at $139.45, experiencing a slight pullback at the time this article was prepared.
