Tezos Pumps On Binance Listing, But What About US Crypto Exchange?

Tony "The Bull" Severino

5 years ago

3 mins read

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The world’s most popular cryptocurrency exchange, Binance, has listed smart contract-focused altcoin Tezos (XTZ) to its flagship website, causing the price to spike as much as 5% in the first couple hours after a listing announcement was made.

However, Tezos is notably missing from the list of the 30 altcoins Binance US is currently considering for listing, suggesting there may be little hope or at least an extended wait before Binance customers in the US can load up on the altcoin aimed at unseating Ethereum.

Binance Lists Tezos (XTZ), Immediately Pumps 5%

This morning, Binance CEO Changpeng Zhao shared the news that the Malta-based cryptocurrency exchange would be listing Tezos for trading under three crypto trading pairs. Tezos will be paired for trading with Bitcoin, the stablecoin Tether, and the firm’s native cryptocurrency token, Binance Coin – which has been the top performing altcoin of 2019, beating out even Bitcoin itself.

Trading goes live on September 23 at 11:00AM UTC, and users may already begin depositing to their Binance accounts Tezos in anticipation of trading.

https://twitter.com/cz_binance/status/1176091209682440192

Tezos has already started to pump following the listing and is up as much as 5% within the first few hours after the announcement. Tezos was also listed on the San Francisco-based Coinbase at the start of August and trading opened to a 16% rise in value, suggesting that the Binance pump still has a ways to go before the listing rally fizzles out.

But What About US-Based Customers Wanting to HODL?

Tezos has only been listed on Binance’s flagship website – a platform that recently blocked US-based customers from trading or making deposits – and not the recently launched Binance US platform. Customers of the US-based exchange may be left waiting quite some time for Tezos to be listed on the stateside version of Binance.

Binance’s new exchange for US customers not only currently lacks a coinciding Tezos listing, but it’s also not even amongst the 30 cryptocurrency tokens the platform has revealed to be exploring for listing in the future.

While Binance’s move to separate US customers from its flagship website was necessary due to increased pressure from global finance market regulators, this latest Tezos listing demonstrates the glaring gap that could form in product offerings between the two platforms.

US investors – who make up the lion’s share of the crypto market – would need to search elsewhere, such as Coinbase, to load up on Tezos. The more situations like this arise, the more likely crypto investors in the United States will turn to Coinbase instead of Binance – putting the leader’s stronghold over the market at risk.

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Tony "The Bull" Severino

Tony "The Bull" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market.
A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony’s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements.

Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions.

In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony’s expertise to guide their trading strategies.

Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies.

Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders.
His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics.

Tony’s nickname, "The Bull," aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice.

In summary, Tony "The Bull" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.