Binance, the world’s top cryptocurrency exchange, is expanding its range of trading options by introducing a new altcoin based on the Ethereum network. Scroll (SCR) is now available for spot trading on Binance, with trading pairs including SCR/BTC, SCR/USDT, SCR/FDUSD, and SCR/TRY. Customers can purchase Scroll using various payment methods, such as VISA, MasterCard, Google Pay, Apple Pay, or their wallet balances. Scroll is designed to address the issue of congestion and high fees on the Ethereum network. It is a Layer-2 zkRollup solution that utilizes zero knowledge proof technology to scale Ethereum, providing faster and more cost-effective transactions while maintaining security and compatibility. The total supply of Scroll tokens is 1 billion, with an initial circulating supply of 190 million, accounting for 19% of the total token supply. Binance has labeled SCR as a seed tag project, indicating its potential for higher volatility compared to other listed tokens. Users with seed tag assets are required to pass quizzes every 90 days to ensure they understand the associated risks before trading the tokens. The project recently conducted its first token airdrop, which rewards those who have contributed to the growth of Scroll’s protocol, ecosystem, and community. The current trading price of Scroll is $0.9178, reflecting a 21.3% decrease in the last 24 hours. With a market cap of $174.6 million, Scroll ranks as the 301st largest cryptocurrency project. Stay up to date with the latest news by subscribing to our email alerts. For price updates and more, follow us on X, Facebook, and Telegram. Don’t miss out on our daily mix of news and analysis. Disclaimer: The opinions expressed in this article are not investment advice. Investors should conduct their own research before engaging in high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please be aware that your transfers and trades are conducted at your own risk, and you are solely responsible for any losses incurred. The Daily Hodl does not endorse the buying or selling of any cryptocurrencies or digital assets, nor does it provide investment advice. Please note that The Daily Hodl participates in affiliate marketing.