Binance lists Tezos and its price shows signs of a further upswing

Publié le by Cryptoslate | Publié le

Binance, the world's largest cryptocurrency exchange by trading volume, announced that it will be listing Tezos on its platform.

Tezos is a delegated proof of stake blockchain that governs itself by establishing a true digital commonwealth.

At the moment, Binance users can start depositing Tezos in their accounts.

The move comes after Coinbase added Tezos to its retail platform and as well as its advance trading exchange, Coinbase Pro, last month.

Thus far, Tezos' market valuation surged nearly 11 percent after the announcement was made, but several technical indexes are showing signs of a further increase.

Based on the TD sequential indicator, Tezos is on a green three, which comes as a confirmation of a bullish signal that was previously presented by this index on the 3-day chart.

The last time such a bullish formation occurred on the 3-day chart was on July 30, causing Tezos to rise nearly 65 percent from $0.99 to $1.64.

Tezos addition to Binance comes after a year since this cryptocurrency became mainnet.

As the Tezos Foundation continues issuing request for proposals for its next cohort of ecosystem grants, the Tezos protocol is becoming more robust.

It remains to be seen the further developments made on the Tezos network that will allow it to power a range of decentralized applications and become more valuable.

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