Binance Goes All-In on Cosmos (ATOM) Support, Adds 3 Stablecoin Trading Pairs


Binance, the world’s largest crypto exchange, has ramped up its support for Cosmos (ATOM), announcing the listing of three new stablecoin base pairs on Monday.

According to the announcement, trading for ATOM/USDC, ATOM/PAX and ATOM/TUSD went live Tuesday at 8:00 AM (EDT). This brings the total Cosmos trading pairs to 6, as Binance listed ATOM/BNB, ATOM/BTC and ATOM/USDT at the end of April.

Cosmos’ initial listing on Binance was enough to send the coin’s price up over 45%.

ATOM chart dating back to before the initial Binance listing (CoinCodex)

Self-styled as the third iteration of blockchain technology, Cosmos plans to solve many issues plaguing current platforms, including scalability, usability and sovereignty. Cosmos hope to achieve this by creating an “Internet of Blockchains” ‚ÄĒ essentially a network of existing blockchains able to communicate with each other in a decentralized way.

ATOM is currently also listed on Poloniex, Huobi Global, Kraken, OKEx and several other exchanges and is currently up 0.4% on the day $4.74, bringing the altcoin to a $904 market cap.

More: Binance Adds ATOM/USDC, ATOM/PAX and ATOM/TUSD Trading Pairs

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.


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