Prominent cryptocurrency exchange, Binance, announced its support for DigiByte [DGB]. Soon after the announcement, the price of the coin witnessed a significant rise. The latest listing comes off as surprising to the community considering Binance and DigiByte’s past.
Zero Listing Fee For DigiByte
Last week, DeFi lending platform Compound’s COMP token caught the eye of the entire cryptocurrency community following its significant price surge just days after its release. Even though this cryptocurrency is not as new as Compound’s governance token, DigiByte’s [DGB] price has been soaring following a new listing.
Malta-based cryptocurrency, Binance is known for its consistent developments and additions to its platform. Its latest addition is DigiByte [DGB]. Just today the exchange announced that it is all set to begin trading for the altcoin. Binance took to Twitter to announce the same.
The exchange’s blog post further shed light on the details about the latest listing. As per the post, trading for the pairs DGB/BTC, DGB/BNB, and DGB/BUSD is said to commence on 22 June 2020 from 2:00 PM [UTC]. Furthermore, the listing fee for the altcoin is reportedly 0 BNB. Binance urged the users to begin depositing the coin in anticipation of trading.
Earlier today, the DGB was trading at a low of $0.0172. The price of the coin even observed a downhill inclination since last week. However, soon after the announcement, the coin witnessed an upward trajectory and even soared to a high of $0.02112.
At the time of writing, the coin was trading at $0.0216 with a 24.21 percent increase in its price.
Binance And DigiByte’s Infamous Past
The Changpeng Zhao-led cryptocurrency exchange and DigiByte go way back. The tiff between the two was caused over listing fee issues. As per Jared Tate, the founder of DigiByte called out CZ and the cryptocurrency exchange for the listing fee it was charging. CZ had previously tweeted about the same.
😂 while we try to not publicly commenting on any coin, good or bad, some just don't leave us much choice. I feel bad for the people who honestly tried to help with dgb listing. But it's not us that's to blame. Sorry @tommyp408 pic.twitter.com/QizAsukdIF
— CZ Binance 🔶🔶🔶 (@cz_binance) October 8, 2018
Later that day Tate accused the platform of demanding up to $2.6 million listing fee. However, DigiByte refused to do so since the network did not have that kind of money. Tate tweeted,
“1/8 It’s time to set the binance record straight and let the world know the truth. The binance – DGB story starts with us refusing to pay the “listing fee” last summer/fall. And continuing to refuse to ever pay it for the last 12 months.”
You asked for it, we listened. Had to filter through "some noise" on this one, lol. It would have happened sooner otherwise.
— CZ Binance 🔶🔶🔶 (@cz_binance) June 22, 2020
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Sahana Kiran is a graduate in Political Science, Economics and Journalism. She is a full-time crypto writer at CoinGape and takes a keen interest in cryptocurrencies, especially Ethereum and Bitcoin. Even though she’s not a HODLER yet, she has eyes on Bitcoin.