Binance US, the United States branch of the world’s largest cryptocurrency exchange Binance, has recently announced the listing of a new altcoin. According to Binance US:
“We are excited to announce that Cudos (CUDOS) has been listed on Binance.US. The deposit of CUDOS on the Ethereum network (ERC-20) is now open. Trading for the CUDOS/USDT trading pair will commence tomorrow, on August 16th.”
Following this news, the value of CUDOS has surged by 27%.
Cudos is a Layer 1 blockchain infrastructure that offers a decentralized cloud computing service. It allows participants to configure and purchase computing resources from a network of distributed providers. The CUDOS token serves as governance, utility, and reward token at the heart of the Cudos ecosystem.
This move highlights Binance US’s commitment to providing a platform for new and promising cryptocurrencies, and Cudos’ listing brings attention to the innovative capabilities of its blockchain technology.