Binance US Says It Will List Enjin (ENJ) and ICON (ICX)

Binance.US, Binance's trading platform for customers based in the U.S., announced on Wednesday (December 11) that it is going to add support for two more cryptoassets: Enjin Coin (ENJ) and ICON (ICX).

Binance.US, which was launched in September 2019, is a digital asset exchange that is "powered by matching engine and wallet technologies" licensed from Binance but is operated by San Francisco-based BAM Trading Services.

Other cryptoassets that Binance.US has listed in the past few weeks include:

  • November 19: Nano (NANO)
  • November 14: Qtum (QTUM)
  • November 7: VeChain (VET)
  • October 29: Waves (WAVES)
  • October 24: Dogecoin (DOGE)
  • October 22: BUSD and IOTA
  • October 17: Algorand (ALGO) and Zcash (ZEC)
  • October 15: Dash (DASH)
  • October 10: Chainlink (LINK) and Ravencoin (RVN)

According to the announcement, the new trading pairs—ENJ/USD and ICX/USD—are due to go live at 21:00 EST on 12 December 2019 (or 02:00 UTC on 13 December2019).  Only once trading in these pairs has gone live will withdrawals be possible.

This latest addition means that by tomorrow Binance.US will have the following trading pairs on offer:

  • BTC Pairs: ETH/BTC, XRP/BTC, BNB/BTC, LTC/BTC, BCH/BTC, and BTC/BUS.
  • USD Pairs: BTC/USD, ETH/USD, XRP/USD, BCH/USD, LTC/USD, BNB/USD, USDT/USD, ADA/USD, BAT/USD, ETC/USD, XLM/USD, ZRX/USD, LINK/USD, RVN/USD, DASH/USD, ALGO/USD, ZEC/USD, BUSD/USD, IOTA/USD, DOGE/USD, WAVES/USD, NEO/USD, ATOM/USD, QTUM/USD, NANO/USD, ENJ/USD, and ICX/USD.
  • USDT Pairs: BTC/USDT, ETH/USDT, XRP/USDT, BCH/USDT, LTC/USDT, BNB/USDT, ADA/USDT, BAT/USDT, ETC/USDT, XLM/USDT, ZRX/USDT, NEO/USDT, ATOM/USDT, VET/USDT, and QTUM/USDT.

It is interesting that the decision to list Enjin Coin and ICON comes just one day after Catherine Coley, the CEO of Binance.US, published a blog post in which she said that Binance.US is using its Digital Asset Risk Assessment Framework to evaluate 18 other cryptoassets—CELR, DCR, ENJ, FTM, ICX, IOST, KMD, OMG, ONE, ONT, REN, SNT, THETA, TOMO, TRX, XEM, XTZ, HBAR—to decide which of these should be added.

This news seems to have helped the price of both Enjin Coin and ICON. 

At the time of writing, according to data from CryptoCompare, here is how the prices of these two digital assets has changed in the past 24-hour period:

ENJ-USD 24-Hour - 12 Dec 2019.png

ICX-USD 24-Hour - 12 Dec 2019.png

 

Featured Image Credit: Photo via Pixabay.com

Coinbase, EOS Community Clash Over Supposed ‘Degraded Performance’

Francisco Memoria

The San Francisco-based cryptocurrency exchange Coinbase has been clashing with the EOS community on social media over supposed “degraded performance” the EOS network has been suffering.

According to a tweet published by one of Coinbase’s official accounts, the EOS network is experiencing “degraded performance levels” and as a result EOS sends have been disabled, while receives may be delayed. Coinbase’s status page shows it has been seeing degraded performance on the network for four days.

In February 17, Coinbase also noted there were delays in EOS sends/receives as it was working “rough a backlog of outgoing EOS transactions.” Responding to Coinbase EOS New York, a major EOS block producer, claimed the network was fully functional and that the problem came from the cryptocurrency exchange itself.

On Reddit, EOS New York wrote that the “network is operating fine and Coinbase is shifting blame away from their internal infrastructure problems.” It added no other entity reported issues and that instead the exchange could reach out to block producers for free help.

EOS Nation, another major EOS block producer, responded to the exhcnage saying the network did face some hiccups but is nevertheless “extremely reliable.”

Some speculate the EOS network may still be facing congestion from time to time over the controversial EIDOS airdrop, that put the network into a “congestion mode” late last year and forced Coinbase to raise the amount of staked CPU on its wallets to process transactions.

Some believe the EIDOS airdrop is being run to make EOS’s shortcomings stand out and incentivize users to use other blockchains using the EOSIO software, created by the company Block.one. Voice, the social network the company is set to launch ,is for example launching on a “purpose-made EOSIO blockchain.”

Featured Image Credit: Photo via Pixabay.com