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Binance Halts EOS Trade & Introduces Two EOS Trading Pairs

The EOS MainNet is just a few hours away and all the top cryptocurrency exchanges have indicated their support for the launch of the EOSIO network. All the major cryptocurrency exchanges have announced that they will partake in the token swap for their clients.

Binance Halts EOS Trading as Token Swap Kicks off, Introduces two EOS Trading Pairs

The leading crypto exchange in the world, Binance, meanwhile had suspended the trade and exchange of the EOS token. They have temporarily halted the deposits and withdrawals of the token on their platform.

In addition to that, the exchange introduced two new trading pairs for EOS; EOS/BNB (Binance coin), and EOS/USDT. These two trading pairs introduced will benefit users of Binance over the next few days as BNB and USDT will make it faster and more secure when trading EOS. Despite the bear market still in play, analysts expect the price of EOS to surge very soon as the MainNet launch is less than 24 hours away.

Binance released a statement stating that the swap of the EOS token on their platform will start today, with the trading of the coin to resume once the EOISO platform has been launched. They added that the halt in its trading at this time is to ensure the safe transfer of EOS tokens from the Ethereum blockchain to the EOSIO network.

Binance further added that their users have nothing to worry about as all measures are being taken to ensure that the swap is a success. They also promised their users that they will manage all the technical requirements needed for the swap to ensure the smooth transition of funds.

Other exchanges to support EOS token swap

Other top exchanges that have declared their support for the EOS token swap include Bitfinex, KuCoin, Cobinhood, BigONE, Bitbns, OCTBTC, CoinSpot, OKEz, BitMart, Mercatox, Zebpay, coinDCX, and Kraken

The EOS token swap is perhaps one of the most anticipated events in the cryptocurrency space at the moment, with high expectations for the EOS network to challenge Ethereum. EOS has been able to raise $4 billion in its year-long ICO, having issued 900 million EOS tokens during that time frame.

Tron has already launched its MainNet, with its token swap still ongoing, but the price of its TRX token hasn’t responded positively to that as it is currently trading 3.35% down against BTC.

Nicholas Holden

A chemical engineer who got obsessed with cryptocurrecnies. Holds small fortune in BTC, PVX and MIOTA. Nick's regular trading in the crypto space makes him come across exclusive news around the industry. Email: nick@blockpublisher.com or email the editor at editor.news@blockpublisher.com

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