Binance, the world’s largest cryptocurrency exchange by trading volume, has announced its intention to list Holo (HOT), the native token of the Holochain project. The announcement was made on July 2, 2018, on the official Binance website.
This news comes as a surprise to many in the cryptocurrency community, as Binance has been known to list mostly major coins such as Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). Holo is a much smaller project with a market capitalization of only $133 million at the time of writing.
The listing of Holo on Binance is significant for several reasons. First, it shows that Binance is willing to list tokens from smaller projects that may not have the same level of name recognition as the major coins.
Second, it gives Holo a much larger platform for trading and increases its liquidity.
Third, and perhaps most importantly, the listing of Holo on Binance could be a sign that Binance is preparing to add support for other tokens built on alternative protocols such as Holochain. If this is the case, it would be a major development for both Binance and the cryptocurrency ecosystem as a whole.
At this time, there is no official word from Binance on whether or not they have plans to add support for other tokens built on alternative protocols such as Holochain. However, given their recent announcement to list Holo, it seems likely that they are at least considering it.
Only time will tell if Binance decides to add support for Holochain or not.