RATE Group | Binance disables trading for Tron’s BitTorrent token (BTT) against Bitcoin
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Binance disables trading for Tron’s BitTorrent token (BTT) against Bitcoin

01 Oct Binance disables trading for Tron’s BitTorrent token (BTT) against Bitcoin

Posted at 04:36h in Bitcoin News by

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It seems Tron’s BitTorrent token (BTT) has failed to live up to the hype.

Just a few months after its launch, and following a record-setting IEO in January, Binance has delisted the option to trade BitTorrent tokens against Bitcoin.

Earlier today, the world’s largest cryptocurrency exchange by volume announced that it will remove the BTT trading pair, along with 29 others, from its platform as a way to “to improve liquidity and user trading experience.”

BitTorrent’s BTT, launched by Justin Sun’s Tron Foundation, was Binance’s first IEO. The sale unloaded 23.76 billion BTT tokens in less than 15 minutes, raising $7 million, according to Binance. However, following the token sale, BTT quickly proved to be yet another example of a crypto project that over-promised and under-delivered. 

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The price of BitTorrent tokens peaked at 0.00017960 BNB (Binance’s native coin) a few days after its launch, and is now valued at…

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