Poloniex Released Support For Binance Coin Following Steem Incident

By Mary T. | June 7, 2020

Poloniex – a major crypto exchange which has been bought by an investment group including Tron founder Justin Sun – has reportedly rolled out Binance Coin (BNB) and Binance USD (BUSD) pairings.

Specifically, BNB and BUSD wallets are reportedly available starting June 6th, across the exchange, and the markets for their pairings will reportedly likely to be released in post-only mode, to achieve the desired level of stability, prior to full trading functionality officially available.

The listings will reportedly offer facilitating features for six new pairings, against Bitcoin (BTC), Tether (USDTm), and Tron (TRX), along with BUSD, and Binance USD also supported against USDT and BTC.

BNB at the moment is the crypto coin reportedly stands at the eighth spot in terms of capitalization with $2.76 billion, while BUSD secures the 49th place for biggest crypto asset by market cap, making the 3rd ranking stablecoin, following Tether and USD Coin.

The listing reportedly indicated that tensions boiling between Binance and Justin Sun have been subsided, despite both parties are reportedly still growling with each other the recent Steem incident. 

Specifically, following Sun’s acquisition of around 20% of Steem’s supply alongside Steemit Inc, the crypto community has reportedly gone on to finalize a hard fork, which would freeze the founder’s reward acquired by Sun.

Steem’s block validators have reportedly been driven out out of the blue, with votes in correspondence with customer funds kept across Binance, Poloniex, and Huobi moved to eliminate the delegated proof-of-stake, or DPoS, network’s witnesses.

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