With the EOS (EOS) MainNet launch only a few days away and on the 2nd of June, Binance has made an announcement via its website, that it has added two more trading pairs for the token. The popular exchange had this to say about the new additions of EOS/BNB and EOS/USDT trading pairs.
Binance will open trading for EOS/BNB and EOS/USDT trading pairs at 2018/05/28 05:00 AM (UTC).
Further information regarding the EOS Mainnet Swap is below:
- EOS deposits and withdrawals will be suspended starting from 2018/05/31 0:00 AM (UTC).
- Binance will initiate the mainnet swap procedure on 2018/05/31.
- We will open EOS deposits and withdrawals again once we deem the EOS mainnet to be stable.
Important Note: To prevent any loss of funds, please ensure that you leave sufficient time for your EOS deposits to be processed prior to 2018/05/31 0:00 AM (UTC).
This new trading pairs will become beneficial for any day trader who is willing to trade in this times of crypto market turmoil. Having BNB and USDT as a trading pair option will enable faster trading for anyone who is familiar with trading on the Binance exchange. With Bitcoin (BTC) and Ethereum (ETH) being affected by the current market turbulence, it will be difficult to use their trading pairs for it will give you the false impression that your EOS values are shooting off the roof while in fact, it is BTC and ETH dipping.
As mentioned in the announcement by Binance, the EOS swap will be initiated on the 31st of May. EOS deposits and withdrawals will halt during this time period.
With respect to market analysis, the Crypto-market is definitely in some serious choppy waters. It seems like whomever who controls the crypto-market weather, is either sleeping on his job or has quit entirely. That said, Bitcoin (BTC) is still dropping in value, albeit slowly. It is currently trading at $7,230 and down 1.32% in 24 hours and at the moment of writing this. Ethereum (ETH) is also down 8.27% and currently trading at $536 at the moment of writing this.
Ripple (XRP) has also lost a footing and is below 60 cents. XRP is trading at $0.58 and down 3.66%. Bitcoin Cash (BCH) is also under $1,000 and currently trading at $942 and down 5.26%. Our beloved EOS (EOS) is currently trading at $12.15 and down only 1.89% in 24 hours.
It seems like the MainNet launch of EOS is assisting in keeping its value abreast in the crypto market amidst all the turmoil.