Decred jumps in price after being listed on Binance

Victoria SavchukOctober 25, 201829
Decred-crypto

Price on the cryptocurrency Decred increased by over 25% in a couple of hours after it had been listed on the largest cryptocurrency platform Binance.

In the platform’s announcement it is said that trading for DCR/BNB and DCR/BTC pairs will become available on October 24 at 04:00 a.m. UTC. However, deposits have already been started.

Apart from that, the Binance representatives drew attention to the fact that this listing cost them 0 BNB.

Right after the announcement the price on Decred, which had been previously traded for about $39, began to rapidly go up to $50.35.

Decred works on a hybrid algorithm of proof-of-work and proof-of-stake consensus aiming at balancing between opinions of miners and voters.

Other important news from the Cryptocurrency world and Blockchain

We wrote earlier that Bitmain introduced Antminer DR3 for Decred mining.

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Victoria Savchuk