Cosmos (ATOM) Price Jumps 45% on Binance Listing Announcement


On Sunday morning, Binance, the world’s largest crypto exchange, became the latest trading platform to announce support for Cosmos (ATOM), sending the price up more than 45%.

According to the announcement, trading will start on Monday at 12:00 AM (EST), with ATOM/BNB, ATOM/BTC and ATOM/USDT trading pairs.

With the announcement, Binance notes that Cosmos gained its listing on the exchange for free, as part of its new transparency initiative that allows select projects of high quality to earn the coveted spot free of charge.

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” — essentially a network of existing blockchains able to communicate with each other in a decentralized way.

ATOM/USD 1-day chart (CoinCodex)

ATOM is currently also listed on Poloniex, Huobi Global, Kraken, OKEx and several other exchanges and is now up 45.2% on the Binance listing news, bringing the altcoin to a $1.05 billion market cap.

Binance Research: Cosmos Network (ATOM)
Similar: Here Are the Exchanges Where You Can Trade Cosmos (ATOM)

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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