IOTA has been added to the Binance cryptocurrency exchange today! After only being traded on Bitfinex for months, IOTA is now finally available on more than one (major) exchange. For me as an investor, this is re-assuring because it means that if one exchange goes under I can always use the other.
The price does not seem to be reacting all that much, other than a pre-news price spike, but this is most likely because both Binance and Bitfinex, the two exchanges where IOTA trading is possible, both operate out of Hong Kong. This means that no, or very little, new market has been breached as anybody who is able to trade on Binance will also have been able to trade on Bitfinex. Still it is good to see adoption of the IOTA token increase!
Binance is quickly becoming the top spot for trading the most popular and exciting cryptocurrencies, as it keeps adding specific crypto's that people are really into, whereas bigger exchanges such as Bittrex have been significantly lagging behind in adding new crypto trading pairs.
You can read the official announcement on the Binance site here
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