Binance Lists Mimblewimble-Based Privacy Coin Beam (BEAM)

Digital asset exchange Binance announced around 04:25 UTC on Friday (September 20) that it will soon be listing Beam (BEAM).

Beam is a cryptocurrency that implements the Mimblewimble protocol, which was designed to address the issues of privacy and scalability in Bitcoin. The development of Beam started in March 2018, and the Beam mainnet launched on 3 January 2019.

In a support article published a short time ago, Binance said that it will be listing BEAM and enable trading in BEAM/BNB, BEAM/BTC, and BEAM/USDT at 12:00 UTC on Friday (20 September 2019). It also mentioned that it is possible at the moment for users to start depositing BEAM.

The news seems to have helped the price of BEAM to surge over 14% against the USD in the past 24-hour period:

BEAM-USD 24 Hour Chart - 20 Sep 2019.png

BEAM is currently the 84th most valuable cryptoasset with a market cap of around $54 million.

Su Zhu, Co-Founder, CIO, and CEO at Singapore-based Three Arrows Capital, finds it interesting that Binance decided to list BEAM before another GRIN (another Mimblewimble-based privacy coin):

 

Featured Image Courtesy of Beam Development Limited