Binance, the world’s largest cryptocurrency exchange has made an announcement that it will list two new cryptocurrencies on its platform. The coins BUSD and IOTA will be listed and available for purchase on October 22, 9:00pm EST.
Deposits for the coins are currently open, while withdrawals will be made available once the coins have fully been integrated into the exchange.
BUSD is a ‘stablecoin’ that is backed by fiat dollars, which was created by a partnership with the Paxos Trust Company. The coin was able to get regulatory approval by the New York Department of Financial Services. BUSD joins other stablecoins on the Binance platform such as Tether TrueUSD and others.
IOTA is a cryptocurrency for the Internet of Things (IoT) ecosystem and uses a blockchain infrastructure named Tangle. IOTA claims that its network is “faster and more efficient” than its competitor’s blockchains.