Binance.US has announced that it will now list Avalanche (AVAX) and soon allow deposits for trading. Open trading on AVAX/USD and AVAX/USDT pairs is set to commence on 18 November, as per a notice released by the exchange.
This development comes after Binance.com listed AVAX last year. And, just last month, the exchange had announced that it will support the Avalanche (AVAX) network upgrade.
The project has seen a lot of traction lately. While it was priced at $3.4 at the start of the year, AVAX has grown by a massive 2870% year-to-date. It is also noteworthy that Avalanche managed to raise $230 million in a private sale of its tokens sometime back. Renowned crypto-funds like Polychain and Three Arrows Capital led the investment.
Avalanche, which allows the creation of customized, interoperable blockchains, is a competitor to chains like Ethereum and Solana. While the foundation has several DeFi projects.
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