Crypto exchange Binance on Monday issued a vital announcement on the decentralized Ethereum restaking protocol, EigenLayer (EIGEN). The exchange revealed that it will list the digital asset on its platform and commence trading shortly ahead. Further, with another prominent crypto exchange, Coinbase, bolstering the ERC-20 crypto, market sentiments for its future have turned highly optimistic.

Binance Reveals EigenLayer Listing WIth Seed Tag Applied

According to an official Binance announcement dated September 30, the crypto exchange will list EigenLayer (EIGEN) and commence spot trading for specific pairs starting October 1 at 05:00 UTC. As per the announcement, the new spot trading pairs available for trading will be EIGEN/BTC ($88,414.00), EIGEN/USDT ($1.00), EIGEN/FDUSD ($1.00), and EIGEN/TRY. The announcement clarified that users can now start depositing EIGEN in preparation for trading.

Simultaneously, Binance revealed that withdrawals for the same will commence on October 2 at 05:00 UTC. The listing fee set by the exchange is 0BNB, underscoring efforts to offer a seamless listing process. Also, the announcement notified users that seed-tag would be applied to the asset, indicating high risk and volatility.

Nonetheless, the listing promptly garnered significant attention across the broader market. Intriguingly, Coinbase, another top crypto exchange, earlier revealed that it is listing EigenLayer, pouring additional optimism on the asset. Altogether, the leading exchanges’ listings have brought substantial investor attention to the ERC-20 token. Crypto market enthusiasts speculate whether the listings could ignite a positive momentum in the coin’s price ahead.

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