Binance, one of the world’s largest cryptocurrency exchanges, announced that it has listed a new digital currency this morning.
In the statement made by the exchange, “LOOM/BNB, LOOM/BTC and LOOM/ETH pairs are now on Binance. open to trade. Now you can start depositing and trading LOOM.”
Loom Network reacted sharply to the news of being listed on Binance. The digital currency has risen by over 44 percent to reach $0.43 in a very short time.
Almost all current LOOM trading is done on Kucoin.
According to the official website, Loom Network, A services platform built on top of Ethereum that allows developers to run large-scale decentralized applications. The project aims to be the tokenized application protocol of the new decentralized web.