Binance lists Centrifuge (CFG) … CFG surges 40%

Source
Minseung Kang

Summary

  • Global crypto exchange Binance said it will list Centrifuge (CFG) on its spot market.
  • It said spot trading pairs CFG/USDT, CFG/USDC, and CFG/TRY will be supported, and the token will carry a Seed Tag.
  • CFG is an institutional-grade asset tokenization infrastructure project, and it said CFG was trading at $0.1737, up 42% from the previous day.

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Photo = Shutterstock
Photo = Shutterstock

Global crypto exchange Binance is listing Centrifuge (CFG) on its spot market.

According to a Binance notice on the 16th, spot trading for CFG will begin at 13:00 UTC (22:00 Korea time) the same day, with CFG/USDT, CFG/USDC and CFG/TRY trading pairs supported. The token will carry a Seed Tag.

Users can begin depositing CFG ahead of the listing, and withdrawals will be available from 13:00 UTC on the 17th.

CFG is currently tradable on Binance Alpha Market as well, but it will no longer be displayed on Alpha Market once spot trading begins. CFG held in Alpha accounts can be sold within a certain period after spot trading opens, but that trading volume will not be included in Alpha Points calculations.

CFG is a project that provides infrastructure for institutional-grade asset tokenization, designed around automated systems, a multichain network, and integration with decentralized finance (DeFi).

On the day, CFG was trading at $0.1737, up 42% from the previous day, according to global crypto market tracker CoinMarketCap.

Minseung Kang

Minseung Kang

minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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