Altcoin
Scroll (SCR) Braces For Impact As Binance & Bybit Unveil Vital Announcements
The zero-knowledge rollup crypto Scroll (SCR) has once again made global headlines, receiving backing from renowned cryptocurrency exchange giants. On Tuesday, the exchanges Binance & Bybit revealed enhanced trade offerings for the token, sparking speculations over the SCR price ahead. Notably, while one exchange revealed plans to delay listing, the other forges ahead with it, raising eyebrows among market participants.
Binance Postpones Scroll Listing While ByBit Advances
In an official Binance announcement on October 22, the crypto exchange revealed that it is delaying the Scroll listing to October 22 at 09:00 UTC. However, the reason behind the delay in listing was not revealed by the crypto exchange.
Notably, as per an announcement earlier this month, the exchange was all set to list the token on October 22 at 08:00 UTC. Nevertheless, the latest announcement indicates a shift in listing strategy, sparking market speculations.
CoinGape Media reported that the new Scroll spot trading pairs that will be available after the listing are SCR/BTC, SCR/USDT, SCR/FDUSD, and SCR/TRY. Meanwhile, in another announcement by the exchange today, it was revealed that SCR is also being added to ‘simple earn, buy crypto, convert, margin, auto-invest, & futures’ platforms. Simple earn and flexible products for the zk rollup crypto will be listed on the exchange and will be available for subscription starting today at 09:00 UTC.
Further, starting October 23 at 10:00 UTC, users may purchase the asset using any payment method supported on the platform’s ‘auto-invest.’ Within one hour of the coin’s spot listing, users can also make purchases using VISA, MasterCard, Google Pay, and Apple Pay. Also, the exchange will add the coin as a new borrowable asset on Cross and Isolated Margin. Simultaneously, Binance revealed that it is launching a USD-Margined perpetual contract for the asset today at 10 UTC, notably with up to 75x leverage.
In addition, another leading crypto exchange, Bybit, issued an important announcement on the zero-knowledge rollup crypto today. According to an official announcement dated October 22, the crypto trading platform is listing SCR today at 08:00 UTC. Withdrawals for the same are to commence on October 23 at 10:00 UTC.
Also, it’s worth mentioning that Coinbase, another crypto exchange behemoth, revealed on X that it will support perpetual futures for SCR beginning October 22 after 12:30 pm UTC. Overall, the announcements by the leading cryptocurrency exchanges have stirred mixed market sentiments on Scroll’s short-term action.
Coin Price Conversely Dips
However, SCR price traded at $1.24, down nearly 10% in the past 24 hours. The coin’s intraday low and high were recorded as $1.20 and $1.40, respectively. Notably, today’s slumping action aligns with the broader market trend and contrasts the optimism birthed with the abovementioned listing announcements.
Besides, the coin’s intraday trading volume surged 2504% to $100.98 million today, hinting traders reacted positively in light of enhanced offerings. Nonetheless, the remarkable price dip raises severe market concerns despite the listings. Crypto market enthusiasts continue to monitor the token optimistically for further price action shifts ahead.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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