Cryptocurrency Exchange Binance to List Tezos (XTZ) on Binance.US, to Support Trades with Binance USD, and US Dollars

Binance, the world’s largest cryptocurrency exchange by adjusted trading volume, has announced that Binance.US, the trading platform’s US-based division, will begin listing Tezos (XTZ) on March 16, 2020 at 9:00 AM EST.

As mentioned on the exchange operator’s official website, Binance.US will support trading for the XTZ/USD and XTZ/Binance USD (BUSD) trading pairs.

Binance.US may deposit US dollars, BUSD (the exchange’s stablecoin), or XTZ tokens to their exchange wallets before trading for the supported pairs goes live on Monday.

The XTZ token is trading at $1.47 at the time of writing.

Founded in 2014 by Arthur and Kathleen Breitman, the Tezos project raised $232 million through an initial coin offering (ICO) back in July 2017. At the time, it was the largest ICO ever conducted, but was later overtaken by Filecoin.

Last month, Tezos’ XTZ crypto token hit a yearly high of about $3.90, having outperformed most other altcoins.

Binance continues to expand its operations across the globe.

Changpeng Zhao, CEO at Binance, revealed recently that the exchange will introduce a fiat gateway for South African cryptocurrency traders, which will allow them to make deposits in Rands.

The announcement was made during the Blockchain Africa Conference, which is being held in Johannesburg.

Zhao said that South African crypto traders will soon have the option to make Rand deposits on the platform via Binance’s official website.

Zhao noted:

“Africa illustrates one of the largest demands and instrumental use cases for cryptocurrency, notably for financial access. According to the World Bank, approximately 66 percent of sub-saharan Africans are listed as unbanked. So instead of trying to bank the unbanked, let’s try and Bitcoin the un-Bitcoined.”

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