Binance – the world’s biggest and most popular cryptocurrency trading platform – is bringing several new coins to investors including Tezos (XTZ). The asset will be available to all traders utilizing Binance.us.
Binance Brings Tezos to U.S. Traders
The cryptocurrency exchange has also commented that trading pairs between XTZ/ USD and XTZ/ Binance USD (BUSD – the company’s stable currency) will also be available. Trading is slated to go live next Monday. Prior to that date, all customers of Binance.us will have the option of depositing XTZ, BUSD and USD into their exchange accounts.
XTZ was founded in 2014 and is currently trading at $1.47 per token. This is a major drop from the $2.65 it was witnessing just over a week ago, though thanks to the coronavirus, virtually every major cryptocurrency is experiencing heavy price slides.
Despite being roughly six years old, XTZ didn’t reach fruition until three years later in 2017, when it hosted an initial coin offering (ICO). At the time, the currency managed to garner approximately $232 million in funds, making it the largest ICO on record until Filecoin overtook it. Read More...