Binance, the world’s largest crypto exchange, has announced the listing of Proof-of-Stake cryptocurrency Cosmos (ATOM). Trading will start on Monday april 29.
On Sunday, Changpeng Zhao, CEO of Binance, suddenly announced the listing of Cosmos (ATOM). The listing was announced via a tweet and blogpost:
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
Cosmos is a Proof-of-Stake blockchain interoperability project based on the Tendermint consensus protocol. Cosmos and Tendermint aim to provide a fast and highly scalable consensus protocol and reduce the time and complexity involved in building Blockchain applications, providing a stable interface for popular programming languages.
According to the blogpost about the listing, trading of ATOM will start on April 29:
“Binance will open trading for ATOM/BNB, ATOM/BTC and ATOM/USDT trading pairs at 2019/04/29 4:00 AM (UTC). Users can now start depositing ATOM in preparation for trading.”
ATOM has risen by almost 40 percent in the past 24 hours after the listing announcement:
A week ago, US-based cryptocurrency exchange Kraken also announced the listing of Proof-of-Stake cryptocurrency Cosmos (ATOM).