Binance is ready to introduce the BRC-20 Token 1000SATS, expanding its trading offerings.
In Brief
In a strategic move to broaden its asset portfolio, Binance is preparing to include the BRC-20 Sats (1000SATS) on its trading platform.
Binance On December 12, 2023, Binance will roll out trading for the BRC-20 project Sats (1000SATS), introducing new spot trading pairs such as 1000SATS/USDT, 1000SATS/FDUSD, and 1000SATS/TRY. This launch honors Bitcoin's smallest unit in a playful manner as a meme token. Satoshi The introduction of these new trading pairs, which includes 1000SATS/USDT, 1000SATS/FDUSD, and 1000SATS/TRY, is designed to provide Binance users with a variety of trading choices, catering to different strategies and preferences.
The BRC-20 Sats ($1000SATS) will be listed with a Seed Tag in place.
#Binance Users can begin depositing SATS to prepare for trading, with withdrawals set to commence on December 13, 2023, allowing traders time to get ready for active participation.
— Binance (@binance) December 12, 2023
➡️ https://t.co/XgNP9XsWFs pic.twitter.com/dOJruuQ4Zf
Binance has decided to waive the listing fee for SATS, underlining its dedication to making innovative assets accessible to a broader audience.
In addition to spot trading, Binance will also offer 1000SATS as a borrowable asset for isolated margin trading, introducing the new pair with USDT within 48 hours after the initial listing. BNB Following recent scandals and allegations of misconduct among its leadership, Binance has been striving to restore its reputation. The organization has been under significant observation from both the public and regulatory authorities, as the situation raised questions regarding the integrity and trustworthiness of their operations.
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