CoW Protocol is a permissionless and decentralized trading protocol running on the Ethereum network. This protocol performs price discovery using a mass auction mechanism and maximizes liquidity by detecting matching trade requests, called “Coincidence of Wants” (CoWs). This results in better pricing and lower transaction costs for users. The COW token is the native cryptocurrency of the CoW Protocol and plays a role in the governance of the platform. Token holders have the right to vote in the future development and decision-making processes of the protocol. In addition, the COW token is used to pay transaction fees on the platform.
COW, which has risen 64.75% in the last 24 hours and at the time of writing, is among the day's risers. A leading global exchange announced the listing of the Cow Protocol (COW) token and announced that it will launch the COW/USDT trading pair on November 6, 2024 at 15:00. Users will be able to deposit the token ahead of trading and withdrawals will begin on November 7 at 15:00. While it was stated that there will be no fee for the listing, it was announced that the COW token will be marked with the “seed” tag, and that Trading Bots and Spot Copy Trading features will be activated within 24 hours for automatic trading. The COW price may have increased after this listing news.
