Binance announced that it will add new altcoin trading pairs to its platform. Accordingly, Binance users will have the opportunity to invest in Bluzella (BLZ), Firo (FIRO), NKN (NKN) and Optimism (OP) projects much more easily. It will also trade these altcoins with more assets. We have compiled the details for you.
Binance adds 5 altcoin parities
The world’s largest cryptocurrency exchange, Binance, continues to add new trading pairs. According to the latest announcement, new trading pairs for 5 altcoin projects are available to users. The new trading pairs BLZ/BUSD, FIRO/BUSD, NKN/BUSD, OP/BNB and OP/EUR will be available tomorrow at 13:00 CEST. Additionally, with the launch of new pairs, an uptrend in the prices of altcoins may begin. Now let’s take a look at altcoin projects that have received new trading pairs.
Bluzella (BLZ)
Bluzelle is a decentralized storage network for the creative economy. Accordingly, the Blockchain network offers high security, unmatched availability, and is censorship-proof. It is also known for protecting intellectual property rights of creators such as artists and developers. In addition, it offers products such as data storage, file storage, oracles. However, it has a special structure for NFTs and DeFi. BLZ, the altcoin asset of the Bluzelle platform, powers the network. In the network working with the PoS mechanism, users can earn rewards by staking BLZ coin. With the pair added to Binance, users will have the opportunity to trade with BUSD, a dollar-indexed stablecoin.
Privacy altcoin Firo (FIRO)
Firo (FIRO), formerly known as Zcoin, is a cryptocurrency focused on private digital cash. The altcoin allows users to burn their FIRO and get brand new ones without any transaction history. In order to do this, Lelantus created the privacy protocol. In short, Firo is a cryptocurrency project that offers privacy-focused digital cash. The project’s altcoin asset is FIRO, which has the same name. Accordingly, FIRO will open for trading with BUSD on the Binance exchange starting tomorrow.
NKN (NKN)
NKN, which stands for New Kind of Internet, is a Blockchain project that aims to bring innovation to the Internet. Accordingly, it is a peer-to-peer and open-source protocol for sharing network bandwidth and Internet connection. The project deploys the world’s largest network of chain nodes. Thus, it offers optimized routing solutions for its customers. In addition, NKN uses a consensus mechanism called Proof-of-Relay. In this mechanism, running nodes and validating transactions happens with the platform’s native altcoin asset, NKN. Starting tomorrow, it will be possible to trade BUSD, a stablecoin, on Binance.
Optimism (OP)
As we reported on Kriptokoin.com, Optimism was released to solve the scalability problem of the Ethereum network and gained immense popularity. achieved. At its core, Optimism (OP) is a layer two blockchain on top of Ethereum. The network benefits from the security of the Ethereum Mainnet. It also promotes the scalability of Ether by using a technology called optimistic roolups. The altcoin asset of the platform is the OP coin. Accordingly, OP is used to reward users. According to Binance’s addition of the pair, the OP will be available for trading with BNB coins and euros starting tomorrow. Users will have the opportunity to buy OPs with BNB and euro.
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