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

  • Alex Dovbnya
    📰 News

    Binance lists four trading pairs with BTT after distributing the tokens to all successful Binance Launchpad participants


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

Cover image via u.today
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About the author

Alex Dovbnya (aka AlexMorris) covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. When he happens to take a break from crypto, Alex delves into cognitive linguistics (metaphors can be fun too!).

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