Binance Lists Ardor (ARDR)
Binance, which is currently the busiest cryptocurrency exchange in the world with its $2 billion in trading volume, has listed Ardor (ARDR). Trading will begin at 11 am UTC, and the token is paired with Binance’s standard trio for new assets: BTC, ETH and BNB.
Ardor is a blockchain platform marketed as an evolution of NXT, featuring a parent-child blockchain architecture. This structure consists of a main chain that maintains the network’s security, while child chains allow for more efficient transactions. Ardor is governed through a proof-of-stake consensus algorithm, resulting in an energy efficient system where nodes can be set up for a minimal investment. The platform is developed by the Dutch development team Jelurida, who also develop NXT and Ignis.
The timing of the listing is quite fortunate, as the cryptocurrency market is currently still riding the momentum from yesterday’s unexpected price surges. When the listing was announced, ARDR spiked from about $0.185 to $0.245 in about an hour. The token is currently trading at $0.234
Unsurprisingly, ARDR trading volume exploded, increasing from about $2 million to more than $20 million. In anticipation of the start of ARDR trading on Binance, UPBit ($12 million) and Bittrex ($4.7 million) are currently the most active marketplaces for the token.
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