It’s been a little over a week since Fantom (FTM) was first listed on Binance US (BUSD), and the native token of the Fantom network has seen some good trading action on the new exchange. In this article, we will take a look at how Fantom is doing on Binance US and what the future prospects are for the project.
Fantom is a project that is building a “smart contract platform that delivers instant transactions at near-zero costs.” The network is powered by a directed acyclic graph (DAG) consensus mechanism, which allows it to confirm transactions quickly and efficiently.
Fantom was one of the first projects to launch a mainnet on the Binance Smart Chain (BSC), and the team has been working hard to increase adoption of the platform.
The Fantom token (FTM) is used to power transactions on the network, and it can also be staked to earn rewards. The token was initially listed on Binance Launchpad in June 2019 and has since been listed on several major exchanges, including Binance, KuCoin, OKEx, Huobi Global, and now Binance US.
Since being listed on Binance US last week, the price of FTM has risen from $0.015 to a high of $0.022. The token has since pulled back and is currently trading at $0.
NOTE: Warning: Trading in cryptocurrencies is highly volatile and risky. It is important to understand the significant risks associated with investing in cryptocurrencies before making any decisions. Additionally, it is important to do your own research before investing in any cryptocurrency, including “Fantom” on Binance US. Be sure to understand the potential risks and rewards of trading in cryptocurrencies before attempting to buy, sell, or trade.
018, but this is still up 20% from its listing price. Trading volume on Binance US has been steady, with around $5 million worth of FTM traded over the past 24 hours.
The listing of Fantom on Binance US is a big deal for the project as it gives it access to a new pool of potential users and investors. The United States is one of the largest markets for cryptocurrency, so being listed on a major US exchange like Binance US is a big win for Fantom.
The future looks bright for Fantom as it continues to build out its platform and increase adoption. With its strong technology foundation, low transaction costs, and fast transaction speeds, Fantom has a lot of potential to become a major player in the smart contract space.
We will be closely monitoring the project’s progress and will update this article if anything noteworthy happens.
Yes, Fantom is definitely on Binance Us!.
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