Binance has announced that it has completed the integration of the Maverick Protocol on the zkSync Era Network. This enables the exchange platform to open up deposit and withdrawal functions of the native token, MAV, for users across the ecosystem. The smart contract address for the deposit is now live and can be found on the official website of Binance Exchange.
Deposits will take approximately 24 hours, depending on the finality mechanics of the zkSync Era. Needless to say, it may take more or less time to process the deposit.
Users of the platform can conveniently access the smart contract or deposit and withdrawal functions through the mobile application of Binance (iOS and Android). That will also help them trade on the go and view a summary of their trading activities.
The trading price of MAV has seen a boost in its value. The token was last seen exchanging hands at $0.2295, an increase of 2.70% in the last 24 hours—that is, one day. Its all-time high value is more than $0.5. The current value is down by 70.58%. What is likely to affect MAV is the fall in trading activity.
It has come down to $3.10 million for the last 24 hours. With the headlines stated by Binance, there is speculation that MAV will make a comeback with a higher trading volume and a better trading price. The current market cap of MAV is approximately $57,505,887.
The development comes at a time when Binance has announced that its P2P segment will update the Maker Fees. The same for all the fiat currencies have been revised to 0.20% except for BDT and PKR, maker fees for, which stand at 0.15%. This is only for reference and for the affected customers. The service and its revision may not be applicable in all regions at the time of the announcement and drafting of this article.
Binance is also fresh from the portion of removing select liquidity pools on Liquid Swap. Liquidity pools removed by Binance are:
- AVAX/BUSD, ATOM/BUSD, JOE/USDT, ETC/BUSD, OOKI/USDT, KSM/BTC, SUI/BTC, and STG/USDT
The change is tentatively scheduled to go into effect on September 29, 2023, at 4:00 UTC. It will have no effect on the trading of the corresponding pairs. Users are free to trade in other liquidity pools. Deposits for the removed liquidity pool will be automatically deposited in the wallets of users at the same time.
Users will be restricted from adding liquidity to them once the pools have been removed.
Binance has now enabled its customers to access MAV after successfully integrating the Maverick Protocol on the zkSync Era Network. It is recommended to use its mobile application for a better crypto trading experience.