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Binance, the world’s largest cryptocurrency exchange, is set to list Cosmos (ATOM). Binance users can now start depositing ATOM as they get prepared for trading.
Binance founder and CEO, Changpeng Zhao, made the announcement through his twitter handle on 28th April, 2019.
CZ said “Here is a project that refused to even talk to an exchange about listing (and we have a good relationship with their tech guys), but we list it anyway. Good tech wins!”
Here is a project that refused to even talk to an exchange about listing (and we have a good relationship with their tech guys), but we list it anyway.
Good tech wins!https://t.co/Zu0uQZuGH6
— CZ Binance (@cz_binance) April 28, 2019
Trading will open for ATOM/BTC, ATOM/BNB and ATOM/USDT trading pairs starting from 29th April, 2019 4:00 AM (UTC) for users on Binance exchange.
Kraken Exchange listed Cosmos (ATOM)
Cosmos (ATOM) has been seeing a constant growth which analysts described as the beginning of transformation. Cosmos recent listings have boosted its popularity within the crypto sphere and in the world at large.
A cryptocurrency exchange based in United States, Kraken, made the announcement of listing Cosmos (ATOM) a couple of days ago through its official website. The listing reportedly left instant positive impact on the market price of the digital asset.
CGEX Exchange listed Cosmos (ATOM)
CGEX, the provider BTC market of Coinone and its global exchange subordinate also publicly announced the listing of Cosmos (ATOM) about two months ago.
Reacting to the listing, the CEO of Coinone, Kevin Cha said “When we list cryptocurrencies, Coinone carefully examines which innovative contributions the project can make to the ecosystem of blockchain,” Cha continued by saying that “We believe that Cosmos can contribute to expanding the blockchain industry by connecting blockchains. For the same reason, we supported investors to participate easily in ICO, at Cosmos ICO in 2017.”
Also Read: Cosmos (ATOM) Price Explodes After Kraken Exchange Listing. More Growth?
What to Know About Cosmos (ATOM)
Cosmos (ATOM) is a secure and scalable blockchain ecosystem where thousands of DApps (decentralised apps) work in conjunction with one another to initiate a new token economy.
Cosmos, as a decentralised network consists of independent parallel blockchains powered by Byzantine Fault Tolerant (BFT) consensus algorithms such as Tendermint.
Cosmos Hub also called Internet Blockchain is the first blockchain launched in the Cosmos Network and its main purpose is to connect other blockchains in the ecosystem. It allows safe and fast transfer of tokens from one zone to another.
What is Binance Exchange?
Binance is known to be the largest cryptocurrency exchange that has over 45 digital coins on its trading list, which include Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB) and some other major and minor cryptocurrencies.
Binance exchange is notable for its trade between two cryptocurrency pairs, garnering its major prominence and popularity through its high liquidity, discounts when users pay in BNB tokens and relatively low transaction fees.