Binance's New Altcoin Challenged Bitcoin

The new altcoin of Binance, the world's largest cryptocurrency exchange by volume, has challenged Bitcoin.

The ASTR token of Astar Network, which the leading crypto exchange Binance decided to list, increased with the effect of the news while the entire market was in decline. The cryptocurrency, which is mostly traded on Gate.io, rose by about 25 percent from $0.136 to $0.168. Binance will list ASTR on the Innovation Zone with trading pairs ASTR/BUSD and ASTR/USDT. Trading will start today at 14.30 CEST. Withdrawals will open on March 1. Astar Network is a multi-chain dApp hub on Polkadot that supports Ethereum Virtual Machine, Web Assembly and second layer solutions. ASTR is the network's utility and management token. ASTR token holders can participate in network administration, pay transaction fees with this token and earn rewards by staking. Binance is the world's largest cryptocurrency exchange with a daily trading volume of approximately $68 billion, including spot and derivatives transactions. The spot volume of the stock market is approximately 15 billion dollars.