United States arm of Binance has announced it will be adding support for Neo (NEO) and Cosmos (ATOM).
Binance.US made this announcement via an official blog post on October 30, 2019. It revealed that from October 31, 2019, trading for the two coins will be enabled on it. Noteworthy: these tokens are among the top 20 by market cap.
Interested users will be able to deposit funds at 9.00 pm EST /6.00 pm PST, from October 31, 2019. The trading pairs will include NEO/USD, NEO/USDT, ATOM/USD, and ATOM/USDT.
According to the post, users can currently only deposit NEO and ATOM. The platform, however, promised that a withdrawal feature is coming soon (once the trading goes live). NEO also confirmed this announcement via twitter.
The tweet reads: “Great news for the community! Thanks for building the #Neo ecosystem together!”
What are the tokens all about?
NEO is an open-sourced blockchain decentralized application platform. In 2014, Da HongFei and Erik Zhang established it. Formerly known as Antshares it became NEO in 2017. The platform aims to create a “smart economy” using blockchain technology. Neo also recently became the first blockchain member of .NET Foundation in September. .NET is a Microsoft open-source project.
Cosmos (ATOM), on the other hand, functions as an intermediary between blockchains. The decentralized blockchain raised $17.3 million from its token sale in April 2017 before its launch in March 2019.
NEO, at press time, was up by 4.32%, trading at $10.87. ATOM on the ten other hand is experiencing sideways trading. It is currently down by 0.23% and trading at $3.10.
Binance.US is a top-notch marketplace that meets the US regulation requirements. It also provides US citizens access and trading across a wide range of digital assets.
In its blog post, it promises to continually provide its users with quality service at all times.
The blog post reads: “We will continue evaluating coins, tokens and trading pairs to offer on Binance.US in accordance with our Digital Asset Risk Assessment Framework, community feedback, and market demand.”
Binance was recently accused of receiving cash to list coins. This, however, remains unconfirmed.