One of the most important cryptocurrency exchanges in the market has decided to list Siacoin (SC) on its platform. This information confirms the several rumours that were circulating about this possibility, which is now reality.
Binance Lists Siacoin
The information has been released by Binance on June the 14th in during Europe’s morning. The post uploaded by Binance reads as follows:
“Binance will open trading for SC/BNB, SC/BTC and SC/ETH trading pairs at 2018/06/14 11:00 AM (UTC). Users can now start depositing SC in preparation for trading.”
At the same time, Binance released a tweet informing the listing:
— Binance (@binance) June 14, 2018
At the moment of writing this article, Siacoin is the 31st most important virtual currency in the market with $513 million dollars’ market capitalization. It is currently the second fastest growing currency in the last 24 hours, that have been market by a strong dip in most of the cryptocurrencies available.
Siacoin is growing 15.8% and each coin can be bought for $0.014 dollars, according to CoinMarketCap.
Sia has been created in order to democratize cloud storage. With its technology, the intention is to connect users who need file storage with hosts worldwide that offer underutilized hard drive capacity.
Some time ago, the crypto exchange Cryptopia, decided to eliminate support for Siacoin due to the fact that the currency had a very small trading volume on the platform. But Binance seems to be a much better option for the Siacoin community.
Binance is currently the most important cryptocurrency exchange by market capitalization handling $1.6 billion dollars’ volume in the last 24 hours. The exchange is currently listing more than 350 trading pairs. The exchange offers BNB, BTC, USDT and ETH trading according to what each trader prefers.
The most important trading pairs at the moment of writing are BTC/USDT, EOS/USDT and ETH/USDT, accounting for 20.13%, 6.72% and 5.87% of the total trading volume respectively. It will be important to follow how Siacoiners will take this information. Siacoin is trying to have a place with the most important virtual currencies in the market.