Binance America (aka Binance.US), Binance’s trading platform for its customers in the U.S., announced on Sunday (March 15) that it has added support for another cryptoasset: Tezos (XTZ).
Binance.US, which was launched last month, 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.
Here is how Binance Info describes Tezos:
“Tezos completed one of the largest ICOs of 2017 raising almost $232m in one day.
“This was in order to develop what the founders envisioned as a self amending blockchain that could counter the threat of forks through the use of programmatically enforced rules.
“Tezos is being built from the ground up and was not based on any other blockchains.
“The consensus algorithm on Tezos is Delegated Proof of Stake (dPoS) which will help with the governance structure of the blockchain.
“Like Ethereum, Tezos will have smart contract functionality which will allow other developers to build decentralised applications (dApps).
“The decentralised governance of the Tezos blockchain will allow anybody to propose protocol upgrades.”
The announcement says that the exchange is currently allowing users to deposit USD, BUSD, or XTZ “to their wallets in preparation for trading to go live.”
Trading in the two new pairs that have been added — XTZ/USD and XTZ/BUSD — is due to launch at 06:00 PST (San Francisco time) or 09:00 EST (New York Time) on 16 March 2020.