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**Binance Lists BONK Meme Coin, Sending Prices Soaring**

Binance, following in Coinbase’s footsteps, has made the decision to list the popular and highly hyped meme coin, BONK, under the seed tag section. This move has caused a surge in the price of BONK, with a remarkable increase of over 115% in the last 24 hours and an astonishing over 1100% surge in the last 30 days. BONK now boasts a market cap of over $1.7 billion, positioning it just behind Dogecoin and ShibaInu in terms of market value.

**The Implications of Binance’s Listing**

The announcement by Binance also revealed the introduction of new spot trading pairs for BONK. These include BONK/USDT, BONK/FDUSD, and BONK/TRY. Users are now able to begin depositing the meme coin on Binance in preparation for trading, with withdrawals for BONK scheduled to open on the 16th of December.

What’s more, Binance will render BONK as a new borrowable asset, introducing it as a new margin pair on Isolated Margin within 48 hours of the initial announcement. The new isolated margin pair for the cryptocurrency will be BONK/USDT.

**Navigating the Access to BONK on Binance**

The process of accessing tokens labeled with a Seed Tag on Binance Spot and/or Binance Margin platforms now demands users to successfully complete relevant quizzes every 90 days, aside from accepting the Terms of Use. These quizzes have been designed to verify usersÔÇÖ awareness of associated risks before engaging in trading activities involving Seed Tag tokens.

In a bid to aid in the identification of Seed Tags, Binance has facilitated a system in which these tags can be identified on the respective trading pages, along with a comprehensive warning banner that will be prominently displayed for all tokens featuring the Seed Tags. This educative approach aims to inform and educate users about the unique risks associated with these specific tokens.

**How AI legalese decoder Can Help**

AI legalese decoder can help streamline the process of understanding the legal implications and risks associated with trading activities on platforms such as Binance, specifically relating to tokens with Seed Tags. By deciphering complex legal jargon and providing clear explanations of the associated risks, AI legalese decoder can assist users in making informed decisions when it comes to engaging in trading activities involving high-risk tokens such as BONK. Additionally, it can aid in ensuring that users are compliant with the Terms of Use set forth by platforms like Binance, contributing to a more transparent and informed trading environment.

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