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Binance.US lists Ethereum Name Service (ENS) | Trade Nnw
Binance.US lists Ethereum Name Service (ENS) | Trade Nnw
Updated this week

Binance.US lists ENS.

Note: This article was last updated on April 21, 2022. Deposits for ENS first opened on March 8, 2022 at 5 p.m. PDT / 8 p.m. EDT. Trading opened 24 hours later on the ENS/USDT pair. Trading on the ENS/USD pair and "Buy Crypto" functionality was added on April 21, 2022.

What is Ethereum Name Service (ENS)?

ENS is a governance token that serves as the native token of the Ethereum Name Services protocol, which allows users to connect complicated identifiers like wallet addresses with human-readable names ending in “.eth”. The Ethereum Name Services protocol is comparable to the Domain Name System (DNS), a decentralized naming system that connects IP addresses to easily navigable domain names. Similarly, the ENS protocol is a fully decentralized domain-name provider that allows users to buy and link human-readable names to one or multiple wallet addresses, making it more convenient to send and receive funds. As one of the most widely-adopted blockchain naming standards, the ENS protocol aims to help users acquire their “Web3 username”.

As a governance token, ENS allows token holders to submit or vote on proposals. There is no staking or lending functionality.

Visit our blog to learn All About Ethereum Name Service (ENS).

*This announcement was updated on March 9 at 6:15 p.m. PST / 9:15 p.m. EST to note that "Buy Crypto" support for Ethereum Name Service (ENS) and the ENS/USD trading pair are not available at this time.

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