The leading exchange on the global platform Binance introduced trading support for the community-led Steem (STEEM) hard fork Hive (HIVE) on April 27 as a response to the customer demand. Now, users can trade HIVE against Bitcoin (BTC), Tether (USDT), and Binance Coin (BNB), though withdrawals and deposits are not going live until April 29.
Previously Huobi’s step to introduce support for HIVE skyrocketed the token’s price over 600% in just three days, and now Binance’s announcement comes as a response and HIVE dropping can be witnessed to 20% from $0.95 to $0.75 in the past 11 hours.
Binance lists HIVE after voting controversy
This announcement comes when Binance and Huobi have mobilized customer funds to provide support to Tron founder and new Steemit Inc owner Justin Sun’s present attempted takeover of the Steem network. Though both the exchanges clarified that they were misled by Justin Sun regarding the nature of what they are voting on and instantly withdrew their votes. The founder of Binance, CZ claimed that he knew about an upcoming upgrade that he had supported.
Though in a recent statement, CZ scolding Sun saying that Justin didn’t brief him about the whole process. He mentions that his internal team told him that it was a required network upgrade, so he went ahead. These are networking upgrades and they always support such acts. He also added that he told Justin directly about the role it takes place in the community and get support first and then execute it as transparency works. Call on Binance customer care number which is functional all the time for guidance and the team helps you at every step.
Apparent takeover sparks resignations from Stem
Open Orchard CEO and former Steemit Inc head of communications, Andrew Levine in the latest interview with Cointelegraph stated that when Huobi and Binance took the side of Sun’s takeover that raise the catalyst for his resignation. This became unbearable when they saw what happened with the exchanges. That was like a black swan event for us. Levin continued saying that when he saw the exchange has a role in governance and not only one exchange, once it was witnessed then it shattered the conception of the blockchain space. It poured a massive impact.
Former Steem developer is willing to put past behind him
When he was asked about his reaction about HIVE being listed on Huobi and Binance, the developer said that he has no issues with HIVE being listed on those exchanges – there is a requirement of putting tokens on exchanges and there are customers and there are people who would be interested in taking your token and you want your users to have options.
Incepted in 2017, the exchange serves multiple coins to traders for trading. If you come across such issues and looking for guidance, you can ask for help from the elite experts via calling on Binance customer care phone number which is always functional and the team helps in fixing all issues.