An altcoin has seen a 6,500% increase in value since it began trading on the cryptocurrency exchange Binance. According to data from Beta Finance (BETA), CoinGecko, it reached a level of $4 after the listing announcement.
Altcoin rising hard after Binance listing: Beta Finance
Beta Finance rose to $4 after being listed on Binance, the world’s largest cryptocurrency exchange by trading volume. It is trading at $3.54 at the time of writing and has a market cap of $580 million. cryptocoin.com As we have also reported, Beta Finance started trading on Binance on October 8 at 18:00 CEST. Token; It is traded in pairs of Bitcoin (BTC), Binance Coin (BNB), Tether (USDT), and Binance USD (BUSD). Prior to the start of trading, Binance Launchpad held an initial public offering of Beta Finance tokens.
Beta Finance is a money market built on Ethereum for borrowing, lending and short selling crypto assets. It gives users access to a scalable and accessible money market where tokens can be listed automatically and without permission, and users can short sell these tokens.
Beta Finance plans to launch an additional layer and second layer solutions after the Ethereum Mainnet launch. It is also a cryptocurrency trading platform that allows customers to lend with cryptocurrencies. The highlight of the platform is that users can issue loans not only with major cryptocurrencies, but also with little-known tokens.
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