BitTorrent (BTT) Getting Listed on Binance. Here’s Why Not Everyone Is Happy About It

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Wed, 01/30/2019 - 07:30
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    Binance lists four trading pairs with BTT after distributing the tokens to all successful Binance Launchpad participants

Cover image via U.Today
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Contents

Binance, the number one exchange by trading volume, has just made an announcement about listing BitTorrent (BTT). The Binance community doesn’t seem to be delighted.  

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Three brand-new trading pairs

According to the blog post announcement, the exchange will debut three new trading pairs that feature the BTT token – BTT/BTC, BTT/USDT, and BTT/BNB. The trading will begin on Jan. 31 at 10:00 AM (UTC). The tokens have been sold on Binance’s own token launch platform called ‘Binance Launchpad’. In order to check whether the tokens have been delivered to their accounts, users have to check their distribution history (User Center > Distribution History).  

Earlier, former BitTorrent exec Simon Morris took a jab at Tron, claiming that the network doesn’t have enough capacity to process such a huge transaction volume. In response, Justin Sun claimed that they would combine on-chain/off-chain exchanges for handling all transactions. In other news, Binance users recently shredded a shady BTT sell-off (28 percent of all tokens were allegedly sold before the whole thing even started).

A lukewarm reaction

While Tron CEO Justin Sun was quick to thank Binance for the support and wish its community happy trading, other Binance users were not that delighted with the new listing. There are Twitter users who claim that BitTorrent is not legit, and it could be BitConnect all over again. U.Today reminds readers that BitConnect turned out to be the biggest crypto scam of all time, which makes this comparison quite alarming.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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