In a recent COTI announcement, it was made known that Binance, the world’s largest cryptocurrency exchange had added support for the COTI, a DAG-based Layer 1 platform.
It is worth noting that support will allow users of Binance Pay can now send, receive, and make payments using the popular cryptocurrency.
Binance Partners With COTI
The new development was made known also on the COTI official Twitter handle saying; “We are happy to announce that Binance Pay now supports COTI to enable borderless crypto payments! This will allow millions of Binance users to send, receive and make payments in COTI,”
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However, the announcement of the support had got an impact on the COTI’s price as it spike by 4% according to the Coingecko data, having the COTI trading around $0.106.
Notably, the recent support was seen by the investors as a positive development for the coin as it will drive adoption from different corners of the world.
It is worth noting that the world’s largest exchange recently partnered with a top Dubai-based retail conglomerate, Majid Al Futtaim to enable 29 shopping malls and 13 hotels to accept payments in cryptos.
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Other major companies have partnered with Binance to use its services which include Travala.com, ShopDutyFree, Shopping.io, Egycards, Alchemy Pay, etc.
Asides from ADA, there are a lot of coins supported by Binance including BNB, BTC, DOGE, DOT, ETH, LINK, LTC, MANA, MATIC, NEO, TRX, TUSD, UNI, USDC, etc.
Facts About COTI
It is worth noting that COTI is being chosen by the IOG to become the official issuer of Cardano stablecoin, Djed and since this time, COTI has partnered with top companies to promote the Djed.
COTI Network is a DAG-based Layer-1 network designed for enterprises and since its inception, COTI has designed useful solutions to enhance the global financial system.