Binance is set to list ZKsync (ZK) and will open trading for the new spot trading pairs ZK/BTC, ZK/USDT, ZK/FDUSD, and ZK/TRY on June 17, 2024, at 08:00 (UTC). Users can now start depositing ZK in preparation for trading. Withdrawals will be available starting June 18, 2024, at 08:00 (UTC). The listing fee for ZK is set at 0 BNB.
ZKsync is an Ethereum Layer 2 scaling solution that leverages EVM-compatible ZK-SNARK roll-up technology to enhance transaction speed and reduce costs on the Ethereum network. The newly listed trading pairs aim to provide traders with diverse options for engaging with ZK on Binance. TRY, included in the trading pairs, is a fiat currency and does not represent any other digital currencies.
Binance Announces Upcoming Delisting of Selected Spot Trading PairsIn response to community concerns regarding ZK token distribution, Binance has announced a ZK Token Distribution Program. From June 17, 2024, to July 16, 2024, Binance will distribute 10,500,000 ZK tokens to up to 52,500 eligible users. To qualify, users must have conducted at least 50 transactions on ZKSync Era between February 2023 and March 2024, spanning seven distinct months. Eligible addresses must not have participated in the ZK Nation airdrop program and should not be contract/CEX/bridge addresses.
Users should note that ZK is a new token and carries a higher-than-normal risk with the potential for significant price volatility. On their blog, Binance advises users to exercise sufficient risk management and conduct thorough research before trading ZK. The seed tag will be applied to ZK, indicating it as an innovative project that may exhibit higher volatility and risks compared to other listed tokens.
For users involved in Spot Copy Trading, the new ZK trading pairs can be included by enabling them in the Personal Pair Preference section of the Spot Copy Trading settings. Binance emphasizes that the withdrawal open time is an estimated reference, and users can check the actual status on the withdrawal page.
