Binance and Coinbase support led to the rally of four altcoins
After suddenly receiving support Binance and Coinbase, the four altcoins began to rise.
In a new blog post, Coinbase announced that users can now fund Aave, Bancor (BNT) and Synthetix (SNX) to their Coinbase Pro account.
With the exception of New York State, all supported jurisdictions will support these three altcoins. If the liquidity conditions are met, trading will begin on or after 6:00 p.m. GMT+1 Time on December 15th.
In the days before and after the Coinbase support announcement, AAVE, BNT and SNX rose.
Bancor, the cross-chain cryptocurrency conversion protocol, is up 28% in the past 24 hours. BNT is up from a low of $ 0.93 on Dec. 11 to a high of $ 1.33 today, up more than 37% in less than a week.
Derivatives liquidity and the Synthetix DeFi trading protocol have increased 11% in the past 24 hours. SNX rose 26% from its low of $ 4.10 on December 11 to today’s high of $ 5.30.
In the past 24 hours, DeFi lending platform Aave has grown 7%. It went from the low of $ 71.04 on December 11th to today’s high of $ 89.07 and rose more than 25% in four days.
Binance and Coinbase partners with AAVE, BNT, SNX and CHZ
Coinbase emphasized that AAVE, BNT and SNX are only available on Coinbase Pro. The crypto exchange said it will issue a separate announcement if it decides to list these three crypto assets on Coinbase.com.
At the same time, the global cryptocurrency exchange Binance announced that it is partnering with Chiliz, a fintech blockchain company designed to help sports organizations use their public currency.
Chiliz operates Socios.com, which is supported by the CHZ utility token. Global sports franchises can sell fan tokens on the Socios platform so fans can take part in exclusive polls and polls. Binance found that more than 14 million fan tokens were sold and more than 700,000 votes were registered on the Chiliz blockchain in the past 12 months.
A few hours after Binance’s announcement, CHZ rose 17%. It is up nearly 40% from a low of $ 0.0114 on December 11th to a high of $ 0.0159 today.
Binance said it will add support for two fan tokens.
“Then on 2020/12/21 at 6:00 a.m. (UTC), Binance will list the Paris Saint-Germain fan tokens (PSG) and Juventus fan tokens (JUV) in the innovation zone and publicly trade PSG / BTC trading pairs PSG / USDT, PSG / BUSD, JUV / BTC, JUV / USDT and JUV / BUSD. “
In addition, the cryptocurrency exchange will start a pool for PSG and JUV tokens. When users put their tokens for Binance Coins (BNB), Binance-USD (BUSD) and CHZ in separate pools, users can receive new token rewards.