Binance, one of the largest currency exchange in the volume of trade, has announced it will offer trading in Siacoin (SC). This was reported on the official website of the company:
Binance will open trading for SC/BNB, SC/BTC and SC/ETH trading pairs at 2018/06/14 11:00 AM (UTC). Users can now start depositing SC in preparation for trading.”
The Sia blockchain “allows this marketplace to run without an intermediary. Sia secures storage transactions with smart contracts, creating a more reliable and affordable offering when compared to traditional cloud providers.”
Sia is a cloud storage platform, specializes in connecting users to underutilised storage spaces by using the blockchain technology.
“We believe Sia’s distributed, decentralized storage technology is stronger, more secure, more efficient, and more equitable for the entire ecosystem,” according to their official website.
Earlier Cryptopia has delisted the Siacoin from its exchange. Support for the coin was terminated due to rather small volumes of trade. However, the news of Siacoin being listing on Binance has had a positive impact on its price.
Contrary to the general market decline, the Sia has grown by 14,23% in the last 24 hours. At the time of writing, the price of the coin stands at $ 0.014689 (at 8.30 AM GMT+1).
By Ekaterina Ulyanova