- QuickSwap (QUICK) is now available on Binance.
- Users can now start depositing QUICK in preparation for trading.
Binance, the world’s largest cryptocurrency exchange, has announced that it will list QuickSwap (QUICK) under its Innovation Zone.
— Binance (@binance) July 23, 2021
In addition, the crypto exchange Binance will open trading for QUICK/BNB, QUICK/BTC, and QUICK/BUSD trading pairs at 2021-07-23 08:00 AM (UTC).
The exchange added that users can now start depositing QUICK in preparation for trading. However, withdrawals for QUICK will open on 2021-07-24 at 08:00 AM (UTC).
QuickSwap is a fork of the automated market makers in the rapidly growing DeFi sector of the crypto industry, Uniswap. Although the QuickSwap is based on Ethereum, it is powered by the Polygon network.
Even more, QuickSwap uses a layer-2 protocol that lets people submit buy or sell orders for cryptos via a browser without signing up or providing any personal information. With the layer-2 protocol, QuickSwap enables users to trade any ERC-20 tokens with almost zero gas costs and fast speeds.
Binance exchange also explained the Innovation Zone as a dedicated trading zone where users can trade new, innovative assets that are likely to have higher volatility and pose a higher risk than other tokens.
More so, the exchange mentioned that there won’t be any trading restrictions on trading pairs in the Innovation Zone. But users need to make sure that they exercise enough caution. Also, they need to do some research in regards to QUICK’s fundamentals and understand the project completely before choosing to trade the token.