Binance America (aka Binance.US), Binance’s trading platform for its customers in the U.S., announced at 02:00 UTC on Thursday (February 20) that it has added support for another cryptoasset: Zilliqa (ZIL).
Binance.US, which was launched last month, is a digital asset exchange that is “powered by matching engine and wallet technologies” licensed from Binance but is operated by San Francisco-based BAM Trading Services.
Here is how Binance Info describes Zilliqa:
“Zilliqa is a new blockchain platform that is designed to scale securely in an open, permission-less distributed network… Zilliqa launched its second testnet and it’s about to launch its mainnet by Jan 2019. Their current transaction volume is 3,000 transactions/sec with 1,000 (4 shards) nodes in the network.
“With Zilliqa, as the number of nodes in the network rises, so does the number of transactions per second. With a network size of 10,000 nodes, Zilliqa will enable a throughput which matches that of VISA and MasterCard with much lower fees for the merchants (expected throughput is approximately 8,000 transactions/sec).”
The announcement says that the exchange is currently allowing users to deposit USD, BUSD, or ZIL “to their wallets in preparation for trading to go live.”
Trading in the two new pairs that have been added — ZIL/USD and ZIL/BUSD — is due to launch at 18:00 PST (San Francisco time) or 21:00 EST (New York Time) on 20 February 2020.