Binance Announces EigenLayer Listing as Market Sentiment Turns Bullish

Binance Announces EigenLayer Listing as Market Sentiment Turns Bullish

On Monday Binance, one of the world’s leading cryptocurrency exchanges, issued a significant update regarding the decentralized Ethereum restaking protocol, EigenLayer (EIGEN). The platform revealed its plans to list the digital asset, with trading expected to begin in the near future. This development, combined with the support of another major exchange, Coinbase, has led to a surge in optimism surrounding the future of the ERC-20 token.

Binance to Launch EigenLayer Trading with “Seed Tag” Applied

In an official announcement dated September 30, Binance confirmed that it will list EigenLayer (EIGEN) and begin spot trading for select pairs starting on October 1 at 05:00 UTC. The available trading pairs will include EIGEN/BTC, EIGEN/USDT, EIGEN/FDUSD, and EIGEN/TRY. To facilitate this, users can now deposit EIGEN in preparation for the upcoming trading launch.

Furthermore, Binance stated that withdrawals for EIGEN would be enabled on October 2 at 05:00 UTC. Notably, the listing fee has been set at 0 BNB, reflecting the exchange’s commitment to ensuring a smooth listing process. However, Binance has applied a “Seed Tag” to the asset, indicating elevated risk and volatility due to its relatively early stage in the market.

The announcement quickly captured the attention of the wider crypto community. Adding to the growing excitement, Coinbase, another prominent exchange, recently revealed plans to support EigenLayer, fueling further bullish sentiment for the token. With listings on two of the largest exchanges, many market observers are speculating that this momentum could lead to a rise in EIGEN’s price in the coming days.