Leading cryptocurrency exchange, Binance announced today that it will list Digibyte (DGB) and open trading pairs for one of the oldest cryptocurrencies released in 2014.
Binance will according to a Monday update add DGB/BTC, DGB/BNB, and DGB/BUSD trading pairs later today with users now able to deposit DGB on the platform in preparation for trading. While the latest DGB listing news has caused the price of DGB to soar at press time, it could have happened earlier.
Binance once asked for $300k and 3% of supply to list DGB
Despite being one of the oldest cryptocurrencies, a listing on what is arguably the largest spot market for trading cryptocurrencies has been a long time in coming.
Several discussions about a potential listing had taken place in the past with Coinfomania reporting a particular incident last September. Then, Digibyte founder, Jared Tate disclosed that to list DGB, the Binance team had requested $300,000 and 3% of all DGB, citing ”insurance for their customers against blockchain hacks & defects.”
Did a video call with the ”Binance” team a few weeks ago. They wanted $300,000 and 3% of all DGB for ”insurance for their customers against blockchain hacks & defects” to list $DGB. Told them that is not possible with a truly decentralized #blockchain like #DigiByte.
— Jared Tate ©️ (@jaredctate) September 20, 2019
Jared, who has since stepped away from Digibyte to allow the project flourish, reportedly told the Binance team that such a massive package is not possible since it would endanger the project’s status as a truly decentralized blockchain.
According to the founder, they “have zero funds & zero ability as a decentralized project to meet such a request,” a reply that prompted Binance to say that they would “get back” to the DigiByte team.
Almost ten months have passed now since that incident and Binance has finally listed Digibyte (DGB), and the community has won the debate.
At the time of writing, the altcoin’s price which had traded flatly in the past few days is now up near 15% with a price of $0.02.
A market cap of $261.5 million, Digibyte was ranked 37th on the list of cryptocurrencies according to CoinMarketCap.