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Market News

Bitget announces Scroll Listing, Trading starts Tomorrow

The trading for Scroll will begin on October 22 at 9 UTC.

Written By Dishita Malvania Dishita Malvania
Fact Checked by Vaibhav Jha Vaibhav Jha
Published October 21, 2024 4:20 PM·Updated 2 years ago
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Bitget announces Scroll Listing, Trading starts Tomorrow

On October 18, 2024, Bitget made a significant announcement that has the cryptocurrency community buzzing: the exchange will list Scroll (SCR) in its Innovation, ZK, and Layer 2 Zone. 

This addition marks an exciting development for traders and investors alike, as Scroll is a next-generation Layer 2 rollup solution designed to enhance the scalability of the Ethereum blockchain through innovative zero-knowledge proof technology.

Key Details of the Listing: 

  • Deposit Availability: Opened as of now
  • Trading Commencement: Scheduled for October 22, 2024, at 9:00 UTC
  • Trading Pairs: SCR/USDT and SCR/EUR

Scroll aims to bring billions of users into the Ethereum ecosystem, positioning itself as the most secure and trusted Layer 2 network capable of processing trillions of dollars on-chain. 

With a total supply of 1 billion SCR tokens, Scroll offers EVM equivalence, allowing seamless integration for developers looking to transition their dApps to Layer 2 without substantial alterations to existing infrastructures.

One of Scroll’s standout features is its advanced zkEVM design, which guarantees top-tier security, decentralization, and efficiency. This makes it an ideal platform for fostering the next wave of decentralized applications and innovations in the crypto space.

Bitget’s research team has identified several compelling reasons for the excitement surrounding Scroll: 

  • Strong Financial Backing: Scroll recently raised an impressive $80 million in funding, led by the prominent investment firm Polychain Capital, showcasing robust investor confidence.
  • High Social Media Engagement: With a following of 789,000 and an average of 25,000 views per tweet, Scroll is generating significant buzz and engagement across social platforms.
  • Global Reach: The project is gaining traction in various regions, including the CIS and Japan, contributing to a rapidly growing user base.
  • Robust Valuation: Scroll’s estimated valuation has reached up to $1.8 billion in its latest funding round, placing it among top zk-rollup competitors like zkSynnc and StarkNet.

Also Read: Major Exchanges to List X Empire Token $X On Oct 24

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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