Binance, the world's largest cryptocurrency exchange in terms of trading volume , announced that it has listed #NuCypher (NU) with its announcement in the morning .
🚩Binance Announces Its New Listing
Listed by Binance, NuCypher actually has an important place in the cryptocurrency industry. In the announcement published by Binance, it is stated that NU will initially be offered for trading with four trading pairs. As of 08.30 CEST, the trading pairs offered for trading today are NU/BTC, NU/BNB, NU/BUSD and NU/USDT.
Binance stated that it will make NU withdrawals after hours so that a possible arbitrage situation does not occur. So what exactly is the NU Binance listed and why did Binance choose this project? NU can be defined as a decentralized #Key #Management #System ( #KMS). This shows that the project in question is targeting the issues and constraints on consensus network uses necessary to secure a network.
✅What is NuCypher?
NU offers many solutions against issues such as data re-encryption known as #Proxy Re-encryption ( #PRE) or manipulation of private data, and is known as a security-focused project. Binance also announced that 0 BNB was received from the NU team for this listing, revealing that it was actually a listing made with community interest. One reason NuCypher is popular is that it offers staking opportunities on exchanges like CoinList.