Binance, the world’s largest cryptocurrency exchange by volume, has recently started adding new cryptocurrencies to the stock market frequently. The last cryptocurrency listed on Binance was Syscoin.
Binance users will be able to trade Syscoin over Binance Coin, Bitcoin and Ethereum, according to the statement made by the stock market.
Meanwhile, despite the bad market conditions. Syscoin has seen an increase of over 30 percent with the news of being listed on Binance.
Partnering with Microsoft Azure, Syscoin was mostly traded on Bittrex and South Korean exchange Upbit before it was added to Binance. With Bittrex, Upbit accounted for over 90 percent of worldwide Syscoin trading. With Binance, things are expected to change in this regard.